Market Overview for Neiro Ethereum/Tether (NEIROUSDT)

Summary
• Price declined from $0.00011838 to $0.00011425, breaking key support levels on the 5-minute chart.
• High volume surges occurred during the 24-hour window, particularly after 05:00 ET.
• RSI suggests oversold conditions, while Bollinger Bands indicate reduced volatility.
• A bearish engulfing pattern formed near $0.00011932, signaling possible continuation of the downtrend.

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00011758 on 2026-01-19 at 12:00 ET, hit a high of $0.00012345, and closed at $0.00011425 by 12:00 ET on 2026-01-20. Total volume reached 15.99 billion, with notional turnover of $1,887,882. Price action shows bearish momentum, with key resistance and support levels under pressure.

Structure & Formations

Price action displayed a bearish engulfing pattern near $0.00011932 and a potential triple top formation at $0.00012033–$0.00012055. Key support levels appear at $0.00011914, $0.0001184, and $0.00011742, with the 61.8% Fibonacci level at $0.00011542 being a potential near-term target.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages remain bearish, with price trending below both. On the daily chart, the 200SMA at $0.00011700 provides a critical support area. A break below this could signal continuation of the downtrend.

Momentum & Volatility

MACD remained bearish throughout the 24-hour period, with a bearish crossover reinforcing the downtrend. RSI dipped into oversold territory at 28, indicating potential for a short-term bounce. Bollinger Bands tightened between $0.00011650 and $0.00011780, suggesting a potential breakout or continuation phase.

Volume & Turnover

Volume surged sharply after 05:00 ET, coinciding with the initial breakdown from the $0.00011914–$0.00011932 range. Notional turnover exceeded $91,000 at the peak of this move. However, volume has since declined, which could hint at waning short-term conviction.

Fibonacci Retracements

Key Fibonacci levels for the recent 5-minute swing show $0.00011914 (38.2%), $0.0001184 (50%), and $0.00011742 (61.8%) as potential pivot points. On the daily chart, the 61.8% level at $0.00011542 appears critical for near-term sentiment.

Price appears vulnerable to further downside unless it reclaims $0.00011742. A rebound could test this level, but given the bearish momentum, a continuation to $0.00011463 or lower may be likely. Investors should watch for volume divergence and RSI exhaustion for potential reversal cues.