Market Overview: Neiro Ethereum (NEIROUSDT) 24-Hour Performance

• Price plunged 33% from 0.00039987 to 0.00035804 on a massive bearish reversal pattern around 0.00039881.
• Volume surged to $9.74B at the peak of the decline, confirming a strong bearish shift.
• Bollinger Band contraction preceeded the drop, signaling low volatility before a sharp reversal.
• MACD turned bearish in early afternoon, while RSI hit overbought before a fast retreat to oversold.
• Key support now at 0.00035804, with 61.8% Fibonacci retrace at 0.00036636.

Neiro Ethereum (NEIROUSDT) opened at 0.00038719 on 2025-08-24 12:00 ET, reached a high of 0.00039987, and closed at 0.00035804 at 12:00 ET-1. The 24-hour trading saw a total volume of 26,852,293,659.0 and a notional turnover of $1,027,441,357. Price action displayed a clear bearish breakdown, especially in late afternoon.

Structure & Formations

A long bearish candle formed around 19:45 ET with a massive high-low range and a close near the session low, indicating capitulation. This was followed by a series of lower highs and lower lows. A key support zone appears to have formed near 0.00035804. On the 15-minute chart, a bearish engulfing pattern confirmed the reversal from 0.00039987 to 0.00039881. A potential bounce could face resistance at 0.00036295 or 0.00036636, both of which align with Fibonacci retracement levels from the recent high.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly around 19:30 ET, adding technical weight to the downward move. On the daily chart, the price closed below the 200-period moving average for the first time in over a week, suggesting a possible continuation of the bearish trend in the near term.

MACD & RSI

MACD turned negative and diverged from price during the late afternoon sell-off, while RSI hit a 24-hour peak at 92.8 before a sharp drop to 29.5, indicating a potential overbought-to-oversold swing. This is a classic short-term exhaustion pattern. However, RSI remains within oversold territory, suggesting a possible short-term bounce unless further selling pressure materializes.

Bollinger Bands

Bollinger Bands showed a contraction in the early part of the session before the sharp move lower, a common precursor to breakout or breakdown events. The price closed near the lower band at 0.00035804, suggesting limited short-term downside unless support at this level breaks. A move above the mid-band would indicate a potential short-covering rally.

Volume & Turnover

Volume spiked to $9.74 billion during the 19:45 ET candle, confirming a strong bearish shift. However, the notional turnover dropped significantly after this point, suggesting a lack of follow-through. A divergence between volume and price could point to a short-term consolidation phase ahead unless the volume picks up again on a recovery attempt.

Fibonacci Retracements

Fibonacci retracement levels from the swing high at 0.00039987 to the swing low at 0.00035804 place key levels at 0.00036636 (38.2%) and 0.00037327 (61.8%). These levels could serve as potential resistance on any short-term bounces. A retest of 0.00035804 may confirm or break the immediate support.

In the next 24 hours, NEIROUSDT may find near-term support at 0.00035804 and could see a small bounce toward 0.00036295. However, risks remain to the downside if buyers fail to step in above 0.00036103. Investors should remain cautious and monitor volume and momentum indicators for signs of trend resumption.