NEIRO +18.99% in 24 Hours Amid Short-Term Volatility

On SEP 1 2025, NEIRO rose by 18.99% within 24 hours to reach $0.00033755. This short-term gain follows a prolonged bearish trend, with the token having dropped by 1257.4% over the past week and 638.18% over the previous month. Annual performance remains significantly negative at -6670.77%. The recent price action signals a potential turning point amid a broader context of structural bearishness.

The token’s 24-hour rebound marks a sharp reversal from recent declines, with traders and analysts closely watching whether this bounce could translate into a more sustained recovery. The move comes with mixed technical signals. While the short-term Relative Strength Index (RSI) has pulled back from oversold territory, indicating a brief relief in selling pressure, the broader indicators such as the 50-day and 200-day moving averages continue to trend downward, reinforcing a bearish bias.

Trading activity on NEIRO has remained subdued, with market participants seemingly waiting for clearer directional cues. The recent surge was largely driven by speculative buying rather than broad-based demand, raising questions about its sustainability. Analysts project that a firm move above key resistance levels could trigger a more pronounced near-term rally, but current market structure suggests continued caution from institutional and retail investors alike.

The technical backdrop highlights the token’s entrenched bearish trend. The 7-day and 1-month declines illustrate a persistent sell-off, despite the recent 24-hour rebound. Momentum indicators remain bearish, with the MACD line below the signal line and the histogram trending downward. These readings underscore a lack of conviction in the recent upswing and suggest the downward trajectory may continue unless a strong reversal pattern emerges.

Backtest Hypothesis
A proposed backtesting strategy evaluates the efficacy of using the RSI and moving average convergence divergence (MACD) to generate buy and sell signals for NEIRO. The strategy assumes a long position is initiated when RSI falls below 30 and the MACD line crosses above the signal line, both indicating oversold conditions and a potential bullish reversal. Conversely, a sell signal is triggered when RSI rises above 70 and the MACD line crosses below the signal line, suggesting overbought conditions and an impending bearish move.

The hypothesis posits that these combined signals could have captured short-term bounces amid the broader downtrend. Historical data from the last year would be used to validate the strategy’s effectiveness in navigating NEIRO’s volatility. Given the recent 24-hour rise, the strategy is now in a testing phase to determine whether the technical signals can reliably identify entry and exit points in a market characterized by sharp reversals and low liquidity.