Market Overview for Neiro Ethereum/Yen (NEIROJPY) on 2025-10-26

• NEIROJPY rose from 0.02981 to 0.03105, hitting a 24-hour high amid late-day volume surges.
• A bullish breakout formed after a 4.6% rebound from key support near 0.02951.
• Volume surged to 10683388.0 at 23:15 and 189900.0 at 09:30, confirming buying interest.
• RSI hit 65–70 in late morning, suggesting momentum may pause or consolidate.
• Bollinger Bands widened as price moved toward upper band, indicating rising volatility.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.02981 at 12:00 ET − 1 and reached a high of 0.03105 before closing at 0.03105 at 12:00 ET. Total volume for the 24-hour window was 32,673,951.0, while turnover amounted to a substantial sum given the price range and trade frequency. The price action showed a strong late-day rally, particularly in the 9:30–10:00 ET timeframe, where NEIROJPY surged from 0.03011 to 0.03041.

Structure & Formations

NEIROJPY found support near 0.02951 in the early hours of October 26, rebounding with a 4.6% recovery. A bullish Engulfing pattern appeared at 09:45 ET, confirming a shift in sentiment. The price then formed a small bearish candle at 11:45 ET, hinting at potential near-term profit-taking. Key resistance levels were 0.03041 and 0.03056, with the former being tested multiple times. A 61.8% Fibonacci retracement from the 0.02951–0.03105 move lies at approximately 0.03056, a critical area to watch for continuation or reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above the 0.02999–0.03011 price range, indicating a bullish crossover. On the daily chart, the 50-period MA was below the 100- and 200-period MAs, suggesting longer-term bearish bias. NEIROJPY closed above both 20- and 50-period MAs in the final 15-minute candle, reinforcing short-term strength.

MACD & RSI

The MACD showed a bullish crossover at 09:45 ET, aligning with the Engulfing pattern and confirming momentum. RSI climbed above 60 mid-morning, peaking at 68–70 in the late morning, suggesting that overbought conditions may trigger a pullback. However, price did not reverse immediately, indicating strong bullish conviction. The divergence between RSI and price in the final hour—RSI declining while price rose—suggests caution for further gains.

Bollinger Bands

Bollinger Bands expanded late in the session, with NEIROJPY reaching the upper band at 0.03105. This indicates a period of high volatility and potential exhaustion of the rally. The middle band hovered near 0.02999–0.03011, suggesting that the breakout was a significant move above the prior range. A retest of the lower band at 0.02951 would confirm whether this breakout is sustainable.

Volume & Turnover

Volume spiked dramatically at 23:15 and 09:45 ET, aligning with key price levels. The 10683388.0 volume at 23:15 ET and 189900.0 at 09:45 ET ET confirmed strong buying pressure. However, volume dropped to zero in some intervals, indicating lack of participation at certain times. Notional turnover (volume × price) would have peaked in the final 15-minute candle, confirming the strength of the move.

Fibonacci Retracements

On the 15-minute chart, NEIROJPY broke the 0.02999–0.03105 swing’s 61.8% retracement level, confirming a strong upward move. On the daily chart, a 38.2% retracement level of the previous bearish swing lies at 0.02996, which was tested and rejected early on October 26. A break above 0.03056 (61.8% retracement) could target 0.03130 as the next Fibonacci extension level.

Backtest Hypothesis

Given the appearance of the Bullish Engulfing pattern at 09:45 ET, a strategy that buys NEIROJPY at the open of the next candle and exits after 15 minutes could have captured a 0.03041–0.03054 move. With RSI above 60 and MACD crossing bullish, the pattern is strong in a context of high volume and momentum. This pattern is ideal for testing a 15-minute reversal-based strategy. If we simulate this using daily data as an approximation, buying on each daily Bullish Engulfing and holding for one day would allow us to assess long-term viability. However, this ignores intraday momentum and may overstate or understate returns. We recommend running the strategy on 15-minute bars for precision.