Market Overview: Neiro Ethereum/Yen (NEIROJPY) – 2025-09-14

• NEIROJPY dropped to a 24-hour low of 0.05451 amid a bearish trend and heavy volume during late ET hours.
• Price rejected key Fibonacci support at 0.05701, but failed to sustain above 0.05816, indicating fragile momentum.
• RSI and MACD confirm bearish divergence and oversold conditions, with price near lower Bollinger Band.
• Volume surged during the final 5 hours before close, indicating potential short-term volatility.
• 24-hour volume reached 10,237,150 units with total turnover of 583.6 JPY-equivalent, signaling active short-term speculation.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.05933 on 2025-09-13 and closed at 0.05475 on 2025-09-14, marking a 24-hour decline of 8.08%. The pair hit a high of 0.05933 and a low of 0.05451, with total volume of 10,237,150 units and turnover of 583.6 JPY-equivalent.

The candlestick structure reveals a strong bearish bias, with a long lower shadow at the daily close indicating rejection near 0.05451 and 0.05475. A bearish engulfing pattern formed at the 21:45–22:00 ET period, confirming a key short-term reversal. Additionally, a doji at 03:45–04:00 ET highlighted a pause in momentum during the deepest part of the decline. The price found temporary resistance at 0.05729–0.05816 before breaking down again. The 0.05701 level, a 61.8% Fibonacci retracement of the morning rally, was tested but failed as a strong support.

Moving averages suggest bearish alignment. The 20-period and 50-period moving averages on the 15-minute chart are both in a steep downward slope, with NEIROJPY trading well below them. On a longer scale, the 50, 100, and 200-period moving averages would likely be in a descending order as well, reinforcing the bearish bias. Price is currently near the lower Bollinger Band, indicating high volatility and a potential overextended condition. The 20-period Bollinger Band width is 0.0025 (15-minute data), signaling moderate volatility.

The MACD histogram has remained negative for most of the period, with a recent divergence appearing as the histogram bottoms while the price continues to fall. This suggests a potential short-term stabilizing effect. The RSI crossed into oversold territory (below 25) in the final 3 hours of the 24-hour window, indicating a possible short-covering or buying interest. However, without a clear reversal in volume or candlestick structure, this may be a false signal.

Volume distribution shows a clear increase in activity between 02:00–06:00 ET, with the largest single 15-minute candle (5.498 million volume) occurring at 03:00–03:15 ET. This coincided with a drop from 0.0575 to 0.05673, signaling aggressive selling pressure. However, turnover (notional value) did not surge proportionally, suggesting the price drop was driven by liquidity exhaustion rather than large market orders. The divergence between volume and turnover raises questions about the depth of the move and potential follow-through.

Fibonacci retracement levels played a key role in price behavior. The 61.8% level at 0.05701 was rejected twice before the final breakdown. The 38.2% retracement at 0.05816 failed to hold as a resistance, confirming bearish momentum. Looking ahead, the next significant Fibonacci support is 0.05596 (38.2% of the recent decline), while the 50% level at 0.05526 could be a potential target if the current trend continues. Traders should watch these levels for signs of reversal or continuation.