Market Overview for Neiro Ethereum/Yen (NEIROJPY) – October 11, 2025

• Price plunged from 0.03823 to 0.0278 amid a sharp bearish trend.
• Strong oversold RSI and bearish MACD signal continued downward momentum.
• Volume surged during key declines, confirming bearish bias.
• Bollinger Bands constricted during the early hours before a sharp expansion.
• Fibonacci levels suggest 0.0275–0.0280 as near-term support; 0.0300 as initial resistance.

24-Hour Summary (12:00 ET – 12:00 ET)

The Neiro Ethereum/Yen (NEIROJPY) pair opened at 0.03823 on October 10, 2025, and closed at 0.0278 on October 11, 2025, with a high of 0.03823 and a low of 0.01907. Total volume for the 24-hour period was 129,666,950.0 and notional turnover was ~3,974,100 Yen. The pair experienced a strong bearish move over a 15-hour span, with significant bearish momentum and divergence in key indicators suggesting further downward bias ahead.

Structure & Formations

The price action displayed a strong bearish bias throughout the session, with a sharp decline from 0.03823 to as low as 0.01907 between 22:00 and 22:15 ET. This was followed by a modest recovery to 0.02673 by early morning, only to resume the downtrend in the following hours. A key bearish engulfing pattern formed around 21:15–21:30 ET, with a long bearish candle confirming a reversal from an earlier rally.

Notable support levels observed include 0.02491, 0.02351, and 0.0275–0.0280. Resistance is at 0.0284–0.0287 and 0.0300–0.0309. The formation of a bearish trend channel is evident from the 0.03823 high to the 0.01907 low, with price currently testing the lower boundary.

MACD & RSI

The RSI reached oversold territory (below 30) at multiple points during the session, including a low of ~25 at 22:15 ET, suggesting potential for a short-term bounce. However, the MACD line remained consistently negative, with bearish divergence observed in the histogram. The MACD crossover occurred well into negative territory, confirming strong bearish momentum.

Bollinger Bands

Volatility was initially compressed during the early morning hours, with price moving within a narrow range between 0.03666 and 0.03684. This was followed by a sharp expansion during the 21:00–22:30 ET period, with price dropping below the lower Bollinger Band by ~3% and moving into oversold territory. Price is now near the lower band again, indicating heightened sensitivity to any further breakdown.

Volume & Turnover

Volume surged during the key bearish moves, especially between 21:15–22:30 ET and again in the early morning hours, confirming bearish momentum. A volume spike of 14,412,923 occurred at 21:30 ET during a 0.03099 to 0.02491 decline. Notional turnover followed a similar pattern, reinforcing the bearish narrative. No notable divergence between price and volume was observed, indicating strong alignment in bearish sentiment.

Fibonacci Retracements

Fibonacci levels applied to the 0.03823–0.01907 move highlight key areas of interest for the next 24 hours. The 38.2% level at 0.0280 and 61.8% at 0.0247 are critical for near-term support. On the 15-minute chart, recent swings between 0.02673 and 0.02785 show 0.0275 as a potential bounce zone, with 0.0282–0.0284 as initial resistance.

Backtest Hypothesis

Given the observed bearish momentum and key Fibonacci levels, a potential backtesting strategy involves entering short positions at or near 0.0280–0.0278 with a stop-loss above 0.0287 and a target at 0.02491. This is based on the assumption that the 0.0275–0.0280 range could act as a temporary support zone before the resumption of the bearish trend. The MACD and RSI divergence suggests a possible pullback but remains within the larger bearish context. This strategy could be backtested using a 15-minute RSI filter and MACD crossover confirmation for entry signals.