Market Overview for Neiro Ethereum/Tether (NEIROUSDT)

Summary
• Price dropped from $0.00015077 to $0.00014718 on 5-minute charts, forming bearish engulfing patterns.
• RSI hit oversold levels (<30), but price continued lower, suggesting potential exhaustion or further decline.
• Volatility expanded with a range of 2.13%, and volume surged in the early session.

At 12:00 ET-1 on 2025-12-09, Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00014899, reached a high of $0.00015283, and closed at $0.00014718 at 12:00 ET on 2025-12-10, with a low of $0.00014356. Total volume for the 24-hour window was 22.7 billion contracts, and notional turnover was approximately $3.3 billion.

Structure & Formations

Price formed bearish engulfing patterns during the sharp decline from $0.00015077 to below $0.00014700, suggesting strong short-term bear momentum. A key support level appears to be forming near $0.00014356–$0.00014421, where price found minor bids after the drop.

Moving Averages

On the 5-minute chart, the 20-period and 50-period EMAs remained above the price, confirming bearish divergence. For daily context, the 50/100/200-day EMAs are likely positioned higher, reinforcing a bearish alignment with the 5-minute structure.

MACD & RSI

The MACD turned bearish with a negative crossover and widening histogram as the drop accelerated.

RSI hit sub-30 levels, indicating oversold territory, but price continued lower, suggesting weak short-term conviction in the bounce.

Bollinger Bands

Volatility expanded significantly during the 24-hour window, with a range of 2.13%. Price spent much of the session near or below the lower band, indicating a strong bearish trend.

Volume & Turnover

Volume spiked sharply during the early part of the session, with heavy selling observed below $0.00014900. Turnover also increased, aligning with the bearish price action and confirming distribution dynamics.

Fibonacci Retracements

On the 5-minute chart, the recent swing from $0.00015283 to $0.00014356 shows a 61.8% retracement level near $0.00014750–$0.00014800, which may provide resistance if the short-term trend reverses.

The market appears to be consolidating near the lower end of the 24-hour range, with potential for a rebound toward the 61.8% retracement level, though bearish pressure remains strong. Investors should watch for a close above $0.00014750 for signs of short-term stabilization. As always, be prepared for volatility and sudden price swings in a low-liquidity environment.