First Neiro on Ethereum (NEIRO) has jumped 16% since Saturday – ending its sideways consolidation.
But can NEIRO keep rising, or is it just a temporary reprieve?
Meanwhile, Flockerz (FLOCK) continues to gain momentum in its presale and looks well-positioned to explode once it hits exchanges.
NEIRO Price Soars After Binance Pay Integration
NEIRO has climbed to $0.0016, marking its highest price in five days after successfully defending key support at $0.0014 over the weekend.
This latest spike has pushed NEIRO up the meme coin rankings, where it’s now flipped both MOG and GOAT in terms of market cap.
Trading activity tells a similarly bullish story.
NEIRO is now the 3rd most traded meme coin in the past 24 hours, just behind Pepe (PEPE).
Spot volumes have hit $390 million, suggesting the token has serious buying momentum.
But what’s the catalyst?
One key factor is a huge announcement made on Friday – that NEIRO has been integrated into Binance Pay.
This integration opens the door to over 236 million potential users.
It also eliminates gas fees for merchants and users on all NEIRO transactions, making the token a more attractive option for everyday payments.
Naturally, the partnership with Binance Pay has boosted demand for NEIRO.
NEIRO’s Technical Setup Points to Further Price Gains
Technical analysis suggests NEIRO’s rise could be more than just a temporary relief rally.
The token’s rejection of support at $0.0014 – which perfectly aligns with the 0.382 Fibonacci retracement level – has set up a bullish technical picture.
Yesterday’s strong retracement candle on the daily chart adds to the confluence.
With higher highs and higher lows also firmly established, NEIRO looks set to keep rallying.
This opens the door for a push toward the 1.272 Fibonacci extension at $0.0027.
And if that breaks, then the 1.618 Fibonacci level at $0.0032 presents another potential target.
External factors could also work in NEIRO’s favor.
Next week’s U.S. election looms large, with some traders betting a Trump victory will prompt a crypto bull run.
That would be great news for meme coin
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Author: Felix Mollen
