Market Overview: Neiro Ethereum/Tether (NEIROUSDT) – 24-Hour Analysis

• Price opened at $0.00024887 and closed at $0.00018282, down 26.5% in 24 hours.
• A massive selloff began at 21:00 ET, with a 15-minute candle dropping from $0.00023972 to $0.00021577.
• Volatility expanded sharply with a 15-minute range of $0.000185 at 21:30 ET.
• Turnover reached $18.6 billion at 21:30 ET, indicating high liquidity and aggressive price action.
• Price tested key support at $0.000180–0.000185 multiple times, consolidating near 0.00018282 at close.

The Neiro Ethereum/Tether (NEIROUSDT) pair opened at $0.00024887 on 2025-10-10 at 12:00 ET and closed at $0.00018282 on 2025-10-11 at 12:00 ET. The 24-hour high and low were $0.0002527 and $0.00017808, respectively. Total notional turnover amounted to $18.6 billion, with the largest 15-minute turnover spike occurring at 21:30 ET. Price action displayed aggressive bearish momentum with a sharp decline over several hours.

Structure & Formations

The 24-hour period saw a strong bearish trend, particularly after 21:00 ET, with a notable bearish engulfing pattern on the 21:15 and 21:30 candles. A deep gap down occurred at 21:30 ET, where price dropped from $0.00023972 to $0.00021577, confirming a shift in sentiment. Key support levels emerged at $0.000180–0.000185, with multiple bounces. The $0.000200 level acted as a strong resistance during the initial sell-off. A long lower shadow at $0.00021577 indicated a brief attempt at a reversal, but the bearish trend remained intact.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish territory after 21:00 ET. Price traded well below both moving averages, with a wide gap widening as the sell-off continued. On the daily chart, the 50-day and 200-day moving averages were not directly calculated due to the limited data, but from visual inspection, the pair is likely well below both, indicating a strong bearish bias. The 100-day MA would also likely sit above current prices, reinforcing the bearish momentum.

MACD & RSI

The MACD showed a strong bearish crossover, with the histogram shrinking as the sell-off accelerated. The RSI dropped rapidly from 60 to below 20, indicating oversold conditions, although the extended bearish move suggests this may not be a reliable signal for a reversal. Price continued lower despite RSI hitting 20, implying that the bearish momentum was not yet exhausted. The divergence between RSI and price was minimal during the sell-off, suggesting continued downward pressure.

Backtest Hypothesis

Given the technical setup, a possible backtesting strategy would involve entering short positions once price broke below a key support level of $0.000195, confirmed by a close below $0.000190 on a 15-minute candle. Stops could be placed above the $0.000200–0.000205 resistance zone, while targets could be set at $0.000175 and $0.000160, respectively, based on Fibonacci retracement levels and prior volatility. This setup is most effective during high-volume and high-turnover hours, such as between 20:00–23:00 ET, when liquidity is highest.