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Cryptocurrency News Articles

$NEIRO /USDT COLLAPSE: BIGGEST DROP YET – WHAT’S NEXT?

Oct 24, 2024 at 03:05 am

$NEIRO /USDT COLLAPSE: BIGGEST DROP YET – WHAT’S NEXT?

Cryptocurrency pair $NEIRO /USDT is experiencing a steep decline, with a drop of 15.54% bringing the price down to $0.00144278 at the time of writing. The pair has encountered strong selling pressure, evident in the sharp descent from a high of $0.00175398. As the price continues to fall, we can identify key levels to watch for potential shifts in the market trend.

? CRITICAL Levels to Watch: ?

? Resistance Level: $0.00154438 – For any chance of recovery, bulls will need to push the price back up and break through this resistance. This level could serve as a crucial point for attracting more buyers into the market.

? Immediate Support: $0.00138827 – The price is currently hovering close to this support level. A break below this support could lead to another sharp decline, further amplifying the bearish momentum.

? Downside Target: $0.00136718 – If support fails to hold, we might witness a drop toward this target, triggering more selling as panic intensifies in the market.

Now, let's consider the possible scenarios based on the price action and technical analysis.

? What’s Next? ?

Bearish Breakdown: If NEIRO/USDT falls below $0.00138827, a drop toward $0.00136718 is likely, signaling further market weakness.

Bullish Bounce: If bulls manage to reclaim $0.00154438, the pair could stabilize and make an attempt to push higher, potentially testing $0.00175398 again.

Stay on high alert—NEIRO/USDT is at a crucial tipping point, and the next move could be massive!

#ScrollOnBinance #APTSurpassesSUI #XRPDonationsUSElections #UptoberBTC70K? #BinanceLabsInvestsLombard

Original source:binance

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