Market Overview for Neiro Ethereum/Yen (NEIROJPY) – 2025-09-13

• NEIROJPY opened at 0.05435 and surged to a high of 0.0613, closing at 0.05903 after a volatile 24-hour session.
• The price trend showed bullish momentum in the early hours, followed by consolidation and a bearish reversal toward the end.
• Volatility spiked multiple times, particularly after 01:30 ET as the price tested key levels.
• The total volume reached 76.8 million, while notional turnover hit $4.59 million, suggesting heightened activity.
• A bearish divergence in RSI and volume in the final hours signaled caution and possible short-term pullback.

Opening and Price Behavior

Neiro Ethereum/Yen (NEIROJPY) opened the 24-hour period at 0.05435 on 2025-09-12 at 12:00 ET, reaching a high of 0.0613 before closing at 0.05903 at 12:00 ET on 2025-09-13. The asset displayed a sharp upward move early in the session, with a peak at 0.06083, followed by a broad consolidation phase and a bearish reversal in the final hours. The total volume for the 24-hour period was 76.8 million, with notional turnover at $4.59 million, reflecting strong market participation.

Structure & Formations

The 15-minute candlestick chart showed a strong bullish impulse in the early part of the session, marked by a long white candle forming a Bullish Engulfing pattern at 01:30 ET. This was followed by a consolidation phase that saw a Bullish Harami at 05:00 ET, suggesting temporary pause in momentum. However, the final 90 minutes showed a bearish reversal pattern, including a Bearish Dark Cloud Cover at 14:15 ET and a Bearish Doji at 15:00 ET, signaling potential exhaustion in the bullish trend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart were both below the current price throughout most of the session, confirming the bullish bias in the morning. However, by the late afternoon, the 20-period MA started to cross below the 50-period MA, suggesting a weakening in momentum. On the daily chart, NEIROJPY closed above both the 50 and 100-period MAs, reinforcing a longer-term bullish outlook.

MACD & RSI

The MACD showed a strong positive divergence early in the session, with a peak at 0.00086, before entering into a bearish crossover at 14:00 ET. RSI, on the other hand, reached 67 (overbought territory) at 02:30 ET, followed by a bearish divergence, dropping to 46 by 15:00 ET. This indicates that while bullish momentum had been strong, it was followed by increasing bearish pressure and a likely period of consolidation or correction.

Bollinger Bands

Volatility expanded significantly during the first 90 minutes of the session as the price moved from the lower band to the upper band, reaching 0.06083. After midday, the price began to contract back toward the middle band, but by the afternoon, it moved below the lower band at 14:30 ET, signaling oversold conditions. This pattern suggests a period of increased volatility and a potential reversal in price action.

Volume & Turnover

Volume spiked multiple times during the session, particularly at 02:30 ET and 04:30 ET, coinciding with key price swings. Notional turnover also increased during these periods, confirming the strength of the upward move. However, in the final 3 hours, volume and turnover both declined, despite a drop in price, suggesting a bearish divergence that could indicate exhaustion or a shift in market sentiment.

Fibonacci Retracements

Applying Fibonacci levels to the morning rally from 0.05435 to 0.06083, the price tested the 61.8% retracement level at 0.05835 in the late afternoon. This was followed by a sharp pullback to the 38.2% level at 0.05903. These levels acted as key support and resistance, suggesting traders are using Fibonacci tools to guide entries and exits. A break below 0.05835 could signal further downside, while a retest of the 61.8% level may indicate a potential reversal.

Backtest Hypothesis

A potential backtesting strategy for NEIROJPY could involve entering long positions at the close of a bullish engulfing pattern and exiting when the RSI crosses above 50 or the price breaks below the 20-period MA. This approach was confirmed during the early part of the session when a strong bullish engulfing pattern formed and was followed by a 6.5% price gain within 3 hours. Conversely, a short entry could be triggered by a bearish dark cloud cover or a bearish divergence in RSI, as seen in the final 30 minutes, with a stop loss above the 20-period MA. The key to success would be managing risk and avoiding emotional decisions during volatile periods.