Market Overview for Neiro Ethereum/Tether (NEIROUSDT) on 2025-10-09

• NEIROUSDT traded lower in a bearish consolidation pattern following a sharp intraday rally to 0.00029054.
• Price dropped from 0.00029054 to 0.00026141 (13.47% drawdown), closing near intraday low amid declining volume.
• RSI hit oversold territory (<30) near 0.00026141, suggesting potential short-term buying interest. • Volatility expanded and retracted as the pair tested and failed to break key levels from 0.000284 to 0.00026457.

Neiro Ethereum/Tether (NEIROUSDT) opened at 0.00027274 at 12:00 ET−1 and reached an intraday high of 0.00029054 before closing at 0.00026953 as of 12:00 ET on 2025-10-09. The pair’s 24-hour low was recorded at 0.0002608. Total volume across 15-minute candles summed to 9.97 billion contracts, with a notional turnover of approximately $2.74 million (assuming Tether at $1.00).
Structure and formations in the 15-minute chart revealed a bearish continuation with price consolidating below the 0.000272 key psychological level. The pair displayed a series of bearish engulfing patterns after the 19:00 ET−1 high and a notable doji at 0.00028219, signaling indecision. A strong support level emerged around 0.00026132–0.00026141, where price found a floor before rebounding slightly.
The 20-period and 50-period moving averages on the 15-minute chart remained bearishly aligned, with price staying below both. The 50-period line, currently at ~0.000276, acts as a dynamic resistance. On the daily chart, NEIROUSDT is below the 200-period MA, indicating a medium-term bearish bias. The MACD remained negative throughout the day, with the histogram contracting slightly near the intraday low, hinting at fading bearish momentum. The RSI moved into oversold territory around 0.00026141, suggesting possible short-term bounces.
Bollinger Bands showed a sharp expansion during the 19:00–22:45 ET−1 window as the pair surged, followed by a retraction after the sell-off. Price closed below the lower band at 0.00026953, indicating increased volatility but also potential overextension. Fibonacci retracement levels from the 0.0002608 low to the 0.00029054 high identified 0.000276 as a key 61.8% level and 0.000272 as 38.2%, both of which will be key watchpoints in the next 24 hours.
Volume and turnover spiked during the intraday high and declined during the sell-off, but price action remained in line with volume distribution, confirming the bearish move. Turnover, while not explicitly provided, likely followed a similar trajectory, with higher notional values during the bullish phase.
In the next 24 hours, NEIROUSDT could test the 0.000261–0.000262 range for support and the 0.000272–0.000274 level for resistance. While the RSI suggests a possible short-term bounce, the bearish structure and moving averages indicate a higher probability of a continuation to 0.000260 or below. Investors should remain cautious of potential follow-through selling after the current rebound attempt.

Backtest Hypothesis: The proposed strategy leverages MACD crossover and RSI divergence on the 15-minute chart to identify potential short-term bounces during oversold conditions. NEIROUSDT’s RSI hitting sub-30 levels and a bearish divergence in MACD during the 04:15–06:00 ET window could have generated a short signal. If applied with a stop loss above the 0.00027146 level and a target at 0.000260, the strategy would align with the observed bearish continuation. Given the RSI reentry and price testing key Fibonacci levels, a modified version of the strategy could be backtested using a 10-period and 21-period EMA crossover as a secondary confirmation signal.