Market Overview for Neiro Ethereum/Tether (NEIROUSDT) – 2025-11-06

Summary
• Price declined from a high of $0.00015655 to $0.00015104 with a 24-hour range of $0.00015655–$0.00014446.
• Turnover surged to $14.35 billion amid high volatility in the late afternoon.
• Momentum weakened on RSI and MACD, with price near the lower Bollinger Band.

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00015428 on 2025-11-05 at 12:00 ET and closed at $0.00015203 at 12:00 ET on 2025-11-06. The 24-hour high and low were $0.00015655 and $0.00014446, respectively. Total volume traded in this period was 14.35 billion tokens, and total notional turnover was $14.35 billion.

Structure and formations on the 15-minute chart showed a clear breakdown from the $0.000156–0.000158 consolidation zone, with a bearish flag pattern emerging after a sharp decline in the early evening. A key resistance appears at $0.000158–0.000160, while support levels at $0.000154 and $0.000150 appear relevant in the near term. Notable candlestick formations include a bearish engulfing pattern in the late afternoon and a doji at $0.00015137–0.00015137, suggesting indecision.

On the 15-minute chart, the 20-period moving average (SMA 20) and 50-period moving average (SMA 50) crossed to the bearish side, reinforcing downward momentum. On the daily chart, the 50 SMA appears below the 200 SMA, signaling a bearish trend for the broader time horizon. The 100 SMA is currently acting as a potential resistance.

MACD crossed below the zero line with bearish momentum, and RSI dropped into oversold territory at 29–33 in the final hours of the session, suggesting potential for a bounce. However, RSI has not yet shown a strong reversal signal. Bollinger Bands widened in the early session but have since contracted, with price currently trading near the lower band, indicating low volatility and a possible reversal or continuation to the downside.

Volume was elevated during the afternoon decline, particularly in the $0.000158–0.000156 zone, with notional turnover exceeding $3 billion during that period. However, volume has since declined, suggesting weakening conviction. Fibonacci retracement levels from the $0.000156–0.000144 swing indicate 38.2% at $0.0001498 and 61.8% at $0.0001539, both of which may offer potential turning points in the near term.

Backtest Hypothesis
A backtesting strategy has been proposed to evaluate the effectiveness of a Bullish Engulfing candlestick pattern on NEIROUSDT, using a 3-day holding period from 2022 to the present. However, due to a data-provider issue, historical information for this ticker is unavailable, potentially due to incorrect symbol formatting or lack of coverage. A validated symbol with consistent historical data is required to proceed with the backtest. Once confirmed, the results will be visualized and presented in detail.