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The price of First Neiro On Ethereum has increased by 13% in the last 24 hours, reaching a price of $0.1219 as of 18:25 EST with a 14% decline in trading volume to $87 million.
First Neiro on Ethereum price bulls regains momentum
The 4-hour NEIRO/USD chart shows a clear rounded bottom and a bullish reversal signal.
After reaching a low around $0.05, the price began to gradually increase, confirming the change in dynamics from sellers to buyers, indicating exhaustion of the previous downward trend and the beginning of a new upward phase, aaccording to GeckoTerminal data.
NEIROUSD analysis source: Dextools.io
The bullish sentiment deepened, a moving average crossover occurred where the 50 SMA (blue line) crossed above the 200 SMA (green line), signaling a transition from bearish to bullish conditions. This intersection makes prices even more likely to rise.
Before this breakout, the price was consolidating in the $0.05 to $0.07 range, which was a key accumulation zone. This consolidation was followed by a sharp rally, pushing the price to its current level of $0.1208. A breakout from this consolidation phase confirms the continuation of the bullish trend, with a potential target of $0.20 in the near term, indicating a full bullish reversal.
The first Neiro at the Ethereum price target is $0.20
The MACD indicator also turned positive and the MACD line crossed the signal line, signaling increased growth momentum.
The RSI is currently at 76.28, which indicates that First Neiro On Ethereum is overbought. This could indicate a possible short-term pullback or correction, although in strong uptrends the RSI may remain overbought for some time before reversing.
NEIRO/USD is showing strong bullish signs, breaking above the moving average. The price is currently at $0.1208, potentially reaching $0.20, although there may be a slight correction due to overbought conditions.
The key support is currently the consolidation zone between $0.05 and $0.07. A break below this level could allow the bulls to push the bearish trend further.
Pepe Unchained Demands $20 Million: Will Another Meme Coin Explode?
Meanwhile, as the First Neiro On Ethereum price continues its bullish rally, investors are flocking to buy Pepe Unchained (PEPU), a PEPE derivative that just surpassed $19.1 million in pre-sale funds.
This bullish momentum was reinforced by whale trading, which saw purchases of $50,000, $16,000 and $15,000 this week. It is worth noting that the same investor committed $40,000 for 75-day-worth PEPU tokens, which shows strong faith in the long-term potential of the project.
According to analyst and YouTuber ClayBro, having over 130,000 subscribers, after the launch of PEPU it may increase 20 times.
The goal of Pepe Unchained is to “liberate” the OG PEPE meme coin from its clunky Layer 1 blockchain on Ethereum, where speeds are low and prices are high.
Therefore, it comes with a proprietary Layer 2 blockchain called Pepe Chain. The platform aims to offer fast and secure transactions and will feature a dedicated block explorer to enhance its overall usability.
Pepe Chain is a specialized Layer 2 blockchain designed specifically for meme coins. It has the potential to be up to 100 times faster than Ethereum and provides greater scalability and reduced costs.
Pepe Unchained L2 Announcement!
What we are building is not just a new network, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced analytics
🐸 Subsidies for buildersPepe Unchained is coming. And this will shake up the cryptocurrency space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
PEPU introduces “French with benefits” for developers
In addition to its core features, the platform provides an extensive set of tools, including a block explorer for tracking transactions, a decentralized exchange (DEX) for easy token exchange, an instant bridge to Ethereum, and advanced analytics for deeper insight.
This quarter, the project is also launching its “Frens with Benefits” program to attract blockchain developers by offering grants and rewards on the new Layer 2 chain. The initiative aims to support a vibrant ecosystem of decentralized applications (DApps) from the very beginning.
Building. Development. We reach new people every day.
19 million dollars! Let’s go PEPU! 🐸 pic.twitter.com/l95XkoNm3j
— Pepe Unchained (@pepe_unchained) October 12, 2024
$PEPU tokens are currently valued at $0.00997 and investors can stake them to earn an annual return of 115%.
With the price increase happening in just over 1 day, buy now to secure one of the most successful ICOs of the year at the lowest price possible.
Buy PEPU tokens on the official website here using $ETH, $USDT, $BNB or bank cards.
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