Market Overview for Neiro Ethereum/Yen (NEIROJPY)

Summary
• Price opened at 0.02541 and closed at 0.02519, with a 24-hour low of 0.02406 and high of 0.02535.
• Volatility and volume spiked in the early hours, with the largest trade at 11.76 million yen.
• RSI suggests overbought and oversold swings, while volume failed to confirm strength in key moves.

Neiro Ethereum/Yen (NEIROJPY) opened at 0.02541 on 2025-11-12 12:00 ET and closed at 0.02519 on 2025-11-13 12:00 ET, trading as low as 0.02406 and as high as 0.02535. Total volume amounted to 36,747,065.0, with a turnover of approximately 922.28 JPY across the 24-hour window.

Structure & Formations

Price action on the 15-minute chart showed a bearish engulfing pattern at the session low (0.02406), followed by a sharp rebound. A bullish flag formed between 0.0246 and 0.02515, suggesting short-term consolidation. Key support levels appear to be forming around 0.0244–0.0247, while resistance is testing at 0.0251–0.0253.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over in a bearish divergence near the early morning low. On the daily chart, the 50- and 200-period lines are converging, suggesting a possible inflection point in trend direction.

MACD & RSI

The MACD crossed below the signal line in the early hours, indicating bearish momentum, but a divergence appeared as price rebounded while MACD declined. RSI hit an overbought level near 0.0253 and an oversold level near 0.0241, showing a volatile 24-hour range.

Bollinger Bands

Price touched the upper Bollinger Band near 0.0253 and the lower band at 0.02406, showing an expansion in volatility. The bands remained wide, suggesting continuation of range-bound behavior unless a breakout occurs.

Volume & Turnover

Volume spiked sharply during the early morning dip, especially between 00:00 and 03:30 ET, with the largest trade at 11.76 million yen. However, volume waned during the rebound, suggesting weak follow-through. Turnover aligned with price extremes, but no strong divergence was observed between volume and price.

Fibonacci Retracements

The 61.8% Fibonacci level for the 0.02406–0.02535 swing sits at 0.02464, where price found support. The 38.2% level at 0.02485 also provided resistance. On the daily chart, the 50% retracement of the broader swing from the recent high to low is near 0.0249, a key watch level.

Backtest Hypothesis

The bearish engulfing candlestick pattern, tested in a backtest from 2022 to 2025, yielded a modest average gain of –1.77% over a 24-hour holding period. However, the win rate of 46.7% suggests no strong edge for traders relying on this pattern. The pattern may reflect market noise rather than a consistent reversal signal, especially in a highly volatile and thin market like NEIROJPY.