Market Overview: Neiro Ethereum (NEIROUSDT) – August 24, 2025

Summary
• Neiro Ethereum declines by 0.57% over 24 hours with bearish momentum evident in RSI and MACD divergence.
• Volatility expands as price swings between 0.000382–0.000407, with Bollinger Bands widening after a contraction.
• A key support level forms around 0.000385, with a potential bullish reversal attempted but rejected in early morning trade.
• On-balance volume and price action diverge near 0.000404, hinting at short-term capitulation resistance.

Neiro Ethereum (NEIROUSDT) opened at 0.00040446 on August 23 at 12:00 ET and closed at 0.00038274 the following day. The price swung between a high of 0.00040704 and a low of 0.00037913, with a 24-hour volume of 10,373,443,488 and a notional turnover of $4,042,485. The pair has shown consistent bearish pressure, with price failing to hold above key resistance levels in the 0.000402–0.000404 range.

Structure & Formations
The 15-minute chart shows a key bearish breakdown below 0.000402, confirmed by a long-bodied bearish candle on August 24 at 06:15 ET. A potential bullish reversal pattern (inverted hammer) formed around 0.000385, but buying pressure failed to sustain above this level. A series of lower highs and lower lows suggest a short-term downtrend, with 0.000385–0.000387 acting as a potential support cluster.

Moving Averages
Short-term moving averages (20/50-period on 15-minute chart) have crossed below price, reinforcing the bearish bias. On the daily timeframe, the 50-period MA has not yet crossed below the 200-period MA, suggesting that the pair remains in a broader consolidation phase.

MACD & RSI
MACD has turned negative and crossed below the signal line, indicating bearish momentum. RSI has dipped into oversold territory (below 30) but failed to generate a bullish divergence, suggesting caution. Price continues to move lower despite RSI suggesting oversold conditions, implying weak conviction in the short-term bottom.

Bollinger Bands
Volatility expanded significantly during the 24-hour period, with price touching both upper and lower Bollinger Bands. A prior contraction in the early morning hours (02:00–04:00 ET) preceded the breakout to the downside, signaling a high-probability bearish continuation. Price has spent most of the last 24 hours below the middle Bollinger Band, reinforcing the bearish trend.

Volume & Turnover
Volume spiked during the critical breakdown on August 24 at 06:15 ET, with a 15-minute volume of 890,435,568. However, notional turnover during this period was only $344,257, indicating a divergence between volume and price action—often a sign of distribution or lack of conviction.

Fibonacci Retracements
Applying Fibonacci levels to the most recent swing high (0.00040704) and low (0.00037913), the 38.2% retracement level is at 0.00039424, and the 61.8% level is at 0.00038723. Price has failed to reclaim the 61.8% level, suggesting traders may view it as a potential entry zone for short-term buyers.

Neiro Ethereum may test critical support at 0.000382–0.000385 in the next 24 hours, with a possible bounce off this range expected if short-term demand returns. A sustained close above 0.00038723 could signal a near-term reversal, but bearish momentum remains strong. Investors should be cautious of potential downside risks amid a lack of clear bullish catalysts.