Neiro Ethereum/Yen (NEIROJPY) Market Overview – 2025-09-18

• Price surged to 0.05576, up 8.7% from 0.0514 in 24 hours on strong volume.
• Volatility expanded as price broke above key 15-min resistance at 0.0553.
• RSI entered overbought territory (75–80), suggesting momentum may pause.
• Bollinger Bands widened after a consolidation phase, confirming breakout validity.
• Volume surged 2.8x in final 6 hours, confirming bullish continuation potential.

24-Hour Price Summary

At 12:00 ET–1, Neiro Ethereum/Yen (NEIROJPY) opened at 0.0514, surged to a high of 0.05576, and closed at 0.05576 as of 12:00 ET on 2025-09-18. Total volume reached 44.4 million units, with notional turnover reaching $2.48 million. This suggests strong accumulation and bullish momentum, especially in the final hours of the 24-hour period.

Structure & Formations

The 15-minute chart shows a strong upward breakout after a period of consolidation. A key resistance level at 0.0553 was decisively breached, followed by a 15-minute bullish engulfing pattern that confirmed the shift in sentiment. A doji appeared at 0.05512 during early hours, indicating indecision before the final leg up. The price is now testing the psychological 0.0558 level, which could act as a new support or continuation target.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA in a “golden cross,” confirming bullish momentum. On the daily chart, the 50DMA is approaching the 100DMA, with the 200DMA acting as a key long-term support level. Price closed above the 50DMA and is now aligned with the 100DMA, suggesting further upside is likely if the 0.0562 level is reached.

MACD & RSI

The MACD line crossed above the signal line in the morning, confirming a bullish crossover, with histogram bars expanding throughout the day, indicating increasing momentum. RSI hit 78 at the close, entering overbought territory, which could signal a short-term pause or consolidation, but not necessarily a reversal. The divergence between RSI and price has not yet emerged, suggesting the trend remains intact.

Bollinger Bands

Volatility expanded sharply in the final hours, with the upper band reaching 0.0559 as price pushed higher. The current close of 0.05576 sits just below the upper band, suggesting the rally has not yet reached its peak. A contraction in the bands was observed during the early hours of the 24-hour period, followed by a decisive breakout that validated the bullish trend.

Volume & Turnover

Volume surged to 7.5 million units in the final 3 hours, confirming the breakout. Notional turnover increased in tandem, with no signs of volume-price divergence. This suggests that the rally was driven by strong buying pressure rather than short-term speculative activity. The highest volume spike occurred during the 15-minute candle ending at 14:15 ET, where price surged from 0.05512 to 0.05549.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.0547 to 0.05576, key levels include 38.2% at 0.0554 and 61.8% at 0.0557. Price closed just above 61.8%, suggesting it may test the 100% extension at 0.056. Daily Fibonacci levels from a prior low of 0.0520 to the high of 0.05576 indicate 38.2% at 0.0545 and 61.8% at 0.0553—both of which have been surpassed in the last 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions upon a 15-minute bullish engulfing pattern formation, combined with a golden cross of the 20SMA/50SMA and RSI above 55. Stop-loss could be placed at the recent swing low of 0.0547, with a take-profit target at 0.0562 (100% Fibonacci extension). This approach may capture strong breakout momentum while managing risk through defined entry and exit points.