The First Neiro On Ethereum price surged over 13% in the last 24 hours to trade at $0.001642 as of 7:17 a.m. EST as investors rush to buy the meme coin .
The NEIRO price bounced from an intraday low of $0.001361 to a high of $0.001669 during the past day. It has since pulled back slightly, but remains close to its 24-hour peak.
The First Neiro On Ethereum Price Closing In On The $0.001715 Resistance
4-hour chart for NEIRO/USD (Source: GeckoTerminal )
The First Neiro On Ethereum price is approaching the resistance level at $0.001715. Should it overcome this technical barrier within the next 8 hours, the meme coin could have a solid foundation to rise off from and potentially climb to as high as $0.002109 in the following 48 hours.
However, the First Neiro On Ethereum price getting rejected from the $0.001715 resistance could prevent a continuation of the altcoin’s bullish move. In this more bearish case, traders might start to realize their profits from the recent rally.
This potential sell pressure could then push NEIRO down to the immediate support level at $0.001358. In an extremely bearish scenario, the First Neiro On Ethereum price might end up falling to as low as $0.001062 in the short term.
First Neiro On Ethereum Price Showing A Lot Of Technical Strength On The 4-Hour Chart
From a technical standpoint, indicators on NEIRO’s 4-hour chart suggest the meme coin’s price might keep rising through the course of the next trading day. In the last couple of hours, the Moving Average Convergence Divergence (MACD) line crossed above the MACD Signal line. Traders usually see this as an indication of a crypto entering a short-term positive trend.
Meanwhile, Relative Strength Index (RSI) readings have also been ticking up. Recently, the indicator broke above the key 50 benchmark to suggest that buyers have gained the upper hand against sellers on NEIRO’s 4-hour chart. With the positive slope of the RSI line, it seems that buyers are still growing stronger against sellers.
As the First Neiro On Ethereum price looks to keep its bullish momentum alive, a smaller-cap meme coin rival by the name of Flockerz (FLOCK) has just blasted past $1 million in funds raised in its presale.
YouTuber Crypto Zeus, with 79K subscribers, says $FLOCK “could be huge.”
Ensuring True Decentralization By Incentivizing Community Engagement
Flockerz (FLOCK) is a new meme coin aiming to achieve true decentralization. At the heart of the project is its vote-to-earn mechanism, which rewards investors with FLOCK tokens for each vote they cast through the Flocktopia DAO (decentralized autonomous organization).
This not only incentivizes community members to remain engaged with the project, which is something that even non-meme coin projects struggle to do, it also gives them a say in the project’s future direction.
Investors Pour More Than $1 Million Into FLOCK’s Ongoing ICO
Flockerz has already added another $59k since passing the $1 million mark in its presale. Apart from the bullish predictions by crypto analysts, there is also a huge 1,609% annual return for staking FLOCK tokens that’s attracting buyers at this early stage.
Selling for $0.0058628, the meme coin can be bought with either ETH, USDT, BNB or bank card. Once purchased, the FLOCK tokens can then be put to work via the staking page on the website.
Investors will need to act fast if they want to acquire the token at the best rate because FLOCK’s price is scheduled to increase with each subsequent stage of its presale. There are less than 3 days left to buy the meme coin at its current price before the next hike will come into effect.
Visit FLOCK here.
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