Market Overview: NEIROUSDT Faces Key Reversal and Rising Momentum

Summary
• NEIROUSDT broke above key resistance near $0.000133 with a bullish engulfing pattern at 17:00 ET.
• Momentum accelerated with a 15.4% rise in RSI from 47 to 62, signaling rising optimism.
• Volatility expanded as Bollinger Bands widened, with price hovering near the upper band for most of the session.
• Volume surged 3.8x the 24-hour average during the 15:00–16:00 ET rally, confirming bullish sentiment.
• Price retraced 61.8% of the pre-breakout bearish swing at $0.0001307, setting up a potential reversal scenario.

At 12:00 ET on 2026-01-16, Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00012886 and closed at $0.00013197 by 12:00 ET on 2026-01-17. The pair reached a high of $0.00013569 and a low of $0.00012715, with total volume of $2.77B and turnover of $458.76M over the 24-hour window.

The 5-minute chart shows a strong breakout above $0.000133 from a consolidation range, supported by a bullish engulfing pattern at 17:00 ET. Price then extended higher, forming a broadening top structure between $0.000131 and $0.00013569. On the 50-period moving average (5-min chart), the price crossed above the 20 and 50 EMAs, signaling a potential trend shift.

The MACD turned positive and showed a bullish histogram expansion during the 15:00–17:00 ET window, while RSI climbed from 47 to 62, suggesting growing buying pressure. However, RSI has not yet entered overbought territory, leaving room for further upward momentum. Bollinger Bands expanded significantly during the breakout phase, with price staying near the upper band for much of the session, reflecting heightened volatility.

Volume surged to $94.28M during the 16:45 ET session, as price dropped from $0.00013313 to $0.00013220 — a sign of profit-taking. However, this dip was quickly followed by a strong rebound, supported by increased volume during the 17:00–19:00 ET window. The 20-period Bollinger Band squeeze at 13:00 ET preceded this breakout, suggesting a continuation in either direction is possible.

Fibonacci retracement levels indicate that the price is now testing the 61.8% retracement of the prior bearish leg from $0.00013569 to $0.00013008 at $0.00013292. If buyers hold this level, a continuation toward $0.0001345 could follow. However, a break below $0.00013215 may trigger a pullback to test the 38.2% retracement at $0.0001317.

Looking ahead, a close above $0.00013365 may confirm a short-term bullish trend, but traders should remain cautious of potential profit-taking around this level. A breakout attempt above the $0.00013432 high will require strong volume confirmation to gain lasting traction.