Market Overview for Neiro Ethereum/Yen (NEIROJPY) – 2025-10-06

• NEIROJPY opened at 0.04248 and closed at 0.04383, with a 24-hour high of 0.04389 and a low of 0.0416.
• Price formed bullish divergences and strong momentum, especially in the final 6 hours of the session.
• Volatility expanded mid-day as the price moved above key resistance levels, signaling potential bullish continuation.
• A sharp volume spike in the 15–30-minute window suggests increased buying interest and institutional activity.
• RSI and MACD show overbought conditions, hinting at possible consolidation or short-term pullback.

The 24-hour candle for NEIROJPY opened at 0.04248 (2025-10-05 12:00 ET) and closed at 0.04383 (2025-10-06 12:00 ET), forming a strong bullish trendline. The high reached 0.04389, while the low was 0.0416. Total trading volume across the 24-hour window was 146,149,202.0, with a notional turnover of approximately 4,765,635.48 (based on price × volume). The price exhibited a clear upward bias driven by increasing buying pressure in the latter half of the session.

On the 15-minute chart, NEIROJPY showed a series of strong bullish candlestick patterns, including a morning star and a bullish engulfing pattern near the 0.04216–0.04227 zone. Price action indicated multiple tests of support levels, particularly in the 0.04205–0.04216 range, before breaking out decisively after 00:00 ET. Resistance levels at 0.0424, 0.04265, and 0.04305 were sequentially breached, confirming bullish momentum. The 20-period and 50-period moving averages were bullish across the day, with the price consistently above both, suggesting a strong continuation bias.

Volatility, as measured by the Bollinger Bands, began to expand after 03:00 ET, with the upper band rising from 0.0423 to 0.0439. The price remained outside the upper band for the last 6 hours, a sign of heightened bullish momentum. RSI reached overbought territory (above 70) in the final 2 hours of the day, while MACD lines remained above the signal line with strong positive divergence, indicating continued buying pressure. Fibonacci retracements of key daily swings showed the price breaking above the 61.8% level (0.04305), with a potential target at 0.0438–0.0440 if this trend continues.

Looking ahead, NEIROJPY may test key resistance at 0.04400–0.04425 in the next 24 hours, depending on whether the overbought RSI triggers a pullback or if the bullish momentum remains intact. Investors should monitor volume patterns and divergences in the 15-minute chart for early signs of a potential reversal or continuation.

Backtest Hypothesis
Given the observed bullish pattern and strong RSI divergence, a potential backtesting strategy could involve entering long positions on a breakout above 0.04325 with a stop-loss placed below the 0.04295 support level. The target would be 0.04385–0.04425, based on Fibonacci projections and the breakout of the upper Bollinger Band. This approach assumes continuation of the current momentum, with trailing stops used to lock in gains as price approaches higher resistance levels.