Market Overview for Neiro Ethereum/Tether (NEIROUSDT) - November 9, 2025

Summary
• Price traded in a volatile range between $0.00016368 and $0.00017908 with a bearish close.
• Strong volume spikes highlighted trend shifts, especially in the late NY session.
• Momentum indicators suggest overbought conditions earlier in the session, followed by oversold levels in the final hours.

Opening Narrative

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00016757 on 2025-11-08 at 12:00 ET, reached a high of $0.00017908, and closed at $0.00017595 on 2025-11-09 at 12:00 ET. The pair recorded a 24-hour volume of 16.47 billion contracts and a notional turnover of $2.99 million.

Structure & Formations

Over the past 24 hours, NEIROUSDT formed multiple notable structures. A key resistance emerged around $0.00017000–0.00017100, where price frequently reversed after testing this area, while a critical support level held at $0.00016800–0.00016850. A bullish engulfing pattern appeared at 14:30 ET on 2025-11-09, followed by a bearish harami and a long-legged doji near the session close, indicating indecision.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed in a bearish divergence from late afternoon on 2025-11-08 into 2025-11-09, suggesting a shift in short-term sentiment. On the daily chart, the 50DMA and 200DMA showed a bearish crossover, reinforcing a medium-term bearish bias.

MACD & RSI

The MACD crossed into negative territory during the early hours of 2025-11-09, signaling weakening bullish momentum. RSI fluctuated between overbought (80) in the midday hours and oversold (25) in the late evening, pointing to exhaustion on both sides of the trade.

Bollinger Bands

Volatility expanded significantly after 16:00 ET as NEIROUSDT pushed above the upper band before retreating sharply. By the end of the 24-hour window, price settled near the middle band, suggesting a possible consolidation phase ahead.

Volume & Turnover

Volume surged during the key breakouts and breakdowns, particularly between 14:00 and 16:30 ET. Notional turnover spiked to $299 million during the peak trading hours, showing strong institutional or retail participation. Price and turnover aligned positively during bullish moves but diverged during key bearish pivots, hinting at potential distribution.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from $0.00016368 to $0.00017908, price found support at 61.8% ($0.00017024) and resistance at 38.2% ($0.00017397). A potential 100% extension level sits at $0.00018440, which could serve as a long-term target for bulls.

Backtest Hypothesis

Given the bullish engulfing pattern observed in the late afternoon, a backtest strategy could be structured to enter long at the open of the next candle following a bullish engulfing pattern. Exit after 5 trading days. While NEIROUSDT exhibited multiple engulfing patterns, including one on 2025-11-09 at 14:30 ET, a strict 5-day exit would have locked in gains or losses based on subsequent price action. Using close prices and a maximum holding period of 5 days, the strategy aims to capture medium-term directional moves.