Market Overview for Neiro Ethereum/Yen (NEIROJPY) on 2025-11-14

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 14, 2025 5:19 am ET1min read
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- NEIROJPY fell 7.17% to 0.02261, with key support at 0.02313 and resistance at 0.02347.

- Bearish patterns, declining RSI (27-29), and negative MACD confirm oversold conditions and downward momentum.

- Sharp volume spikes during the decline and a weak backtest (0.95% gain, 49% drawdown) highlight limited strategy viability.

- Bollinger Bands expansion and Fibonacci retracement alignment at 0.02313 reinforce critical support clustering.

Summary
• Price opened at 0.02446 and closed at 0.02261, down 7.17%.
• A key support at 0.02313 and resistance at 0.02347 are in play.
• High volatility and declining RSI suggest oversold conditions.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.02446 on 2025-11-13 12:00 ET, hit a high of 0.02446 and a low of 0.02124, and closed at 0.02261 on 2025-11-14 12:00 ET. Total volume was 25,634,948.0 and turnover amounted to approximately 594,862.0 units during the 24-hour window.

Structure & Formations


Price action shows multiple bearish reversal patterns, including a notable bearish engulfing at 0.02313–0.02297 and a potential hammer at 0.02347–0.0232. A strong support is forming near 0.02313, with resistance appearing at 0.02347–0.0235.

Moving Averages


On the 15-minute chart, NEIROJPY is below both the 20-period and 50-period SMAs, confirming a short-term downtrend. The 50-period SMA at 0.02320 may act as a near-term support. Longer-term (daily) 200-period SMA at 0.02350 appears as a key resistance and trend line.

MACD & RSI


MACD lines are negative and declining, reinforcing bearish
momentum
. RSI is at 27–29, signaling oversold conditions but lacks immediate reversal signs. While oversold, no strong bullish divergence is present, suggesting further downward pressure could persist.

Bollinger Bands


Volatility has expanded, with the 15-minute Bollinger Bands widening significantly during the drop to 0.02124. Price closed near the lower band, which could trigger short-term bounce, but bearish pressure may keep it below mid-band levels.

Volume & Turnover


Volume spiked during the sharp decline to 0.02124, confirming bearish strength. However, recent volume has softened, suggesting potential exhaustion. Turnover closely mirrors price action, with no notable divergence at this time.

Fibonacci Retracements


On the 15-minute chart, the 61.8% retracement of the recent rally to 0.02347 is at 0.02313, aligning with a key support level. The daily chart’s 61.8% retracement from the recent high is near 0.02305, also forming part of the immediate support cluster.

Backtest Hypothesis


The backtest explored a strategy based on RSI-oversold entries and a fixed 3-day exit. Despite frequent signals, the results showed a modest 0.95% cumulative gain since 2022, with a 49% maximum drawdown and a Sharpe ratio of 0.25. This suggests the strategy lacks durability for NEIROJPY. Improvements could include adding trend or volatility filters, or integrating stop-loss and take-profit rules.