NEIROIDR Breaks Below 1.32 as Volume Surges Bearish

Summary
• Price opened at 1.36 and closed at 1.34, with a 1.35 pivot showing short-term resistance.
• Volatility dipped during early Asian hours before resuming selling pressure.
• RSI and MACD suggest moderate bearish momentum with potential for oversold conditions.
• Volume surged in the final 6 hours, aligning with a lower close and bearish confirmation.
• A 1.32 support level holds, but a breakdown could trigger further Fibonacci extension targets.

Price and Volume Summary

Neiro/Rupiah (NEIROIDR) opened at 1.36 on 2026-02-07 12:00 ET, hit a high of 1.36, and closed at 1.34 by 2026-02-08 12:00 ET, with a low of 1.31. Total trading volume was 18,095,142 units, and notional turnover reached 24,247,490.28 Rupiah.

Structure and Momentum

The price action displayed a bearish bias over the 24-hour period, with a clear pivot at 1.35 acting as resistance. A bearish engulfing pattern formed early on, followed by a long lower shadow at 1.31 suggesting a test of a key Fibonacci level. The 61.8% retracement of the 1.34–1.36 move is at 1.33, which the pair appears to have reached.

MACD remained in negative territory, with the line crossing below the signal line mid-session, reinforcing bearish momentum. RSI dipped into oversold territory at 1.31, suggesting potential for a near-term bounce. However, the bearish trend appears intact unless a strong reversal pattern emerges.

Volatility and Volume

Bollinger Bands tightened during the Asian overnight hours before expanding as selling pressure intensified. Price spent the last 12 hours near the lower band, indicating heightened bearish control.

Volume spiked significantly during the final 6 hours of the session, particularly at 0645 ET when price broke below 1.32. This volume surge confirmed the breakdown and strengthened the bearish narrative. Turnover and price action remained aligned, showing no signs of divergence.

Outlook and Risk Consideration

The next 24 hours will likely test the 1.31–1.32 support zone, with a breakdown potentially pushing toward the 1.29–1.30 Fibonacci extension. A retest of 1.33 could offer a short-term entry for longs, but a decisive close below 1.31 would increase bearish probabilities. Investors should monitor volume for confirmation and remain cautious of a potential pullback into overbought RSI territory.