NEIRO, one of Ethereum's rising meme coin stars, is back in the spotlight

NEIRO, one of Ethereum's rising meme coin stars, is back in the spotlight after a parabolic price move that has traders questioning whether quiet accumulation

The price of NEIRO, one of Ethereum’s rising meme coin stars, has traders questioning whether quiet accumulation by market makers (MMs) is fueling the cryptocurrency's parabolic move.

According to CoinMarketCap data, NEIRO has surged nearly 4x over the past five days. The cryptocurrency is up 165% for the week and 74.62% for the 24 hours to press.

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As of press time, NEIRO trades at $0.0005592, successfully reclaiming the 20-day EMA at $0.00033.

Market Maker Wintermute Reportedly Accumulating NEIRO Amid Price Surge

According to analyst group CryptoNinjas, the rally comes as major trading firm Wintermute has been accumulating NEIRO from major exchanges Binance and OKX.

While meme coin volatility isn’t new, what makes NEIRO’s recent behavior notable is that this breakout comes while much of the broader market is either consolidating or in modest uptrend, signaling that something unique is driving its price action.

“Tokens like NEIRO tend to surge significantly when the market recovers — especially when market makers are quietly loading up behind the scenes,” part of the statement reads.

NEIRO, alongside TURBO and BABYDOGE, was one of the first meme coins listed simultaneously by Binance in September. But among the trio, NEIRO has consistently shown the strongest momentum and demand.

NEIRO Technical Analysis: Will the Parabolic Move Continue?

Looking at the daily NEIRO/USDT chart, the technical indicators paint a picture of a highly charged bullish setup.

The RSI is currently at 77.42, well into overbought territory. While this suggests short-term exhaustion, meme coins have historically stayed overbought longer than typical altcoins during explosive runs.

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On the other hand, MACD shows a widening bullish crossover with strong upward momentum. The histogram remains green, suggesting buyers are still in control—although the momentum could wane if volume does not sustain.

Meanwhile, the Fibonacci extension levels reveal that the recent rally tapped just under the 2.618 Fib extension at $0.00057799, and briefly wicked near the 3.618 level at $0.00072436, which now acts as a longer-term bullish target.

Should momentum continue, $0.0072436 would be the next upside area to watch.

However, in the event of a retracement, initial support sits near the 1.618 extension at $0.00043161, while deeper support lies at Fib retracement levels of $0.00034116 (1.0) and $0.00030983 (0.786).

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