Key Points:
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Neiro broke above $0.0004700, confirming a potential trend reversal.
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The short-term structure shows a healthy uptrend with consolidation near key levels.
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$0.0005600–$0.0006000 remains the critical resistance zone to reclaim for further upside.
Neiro (NEIROCTO ) is currently navigating a key technical phase following an extended corrective period from mid-May to early July.
The token recently broke out above a crucial resistance zone, and short-term price action is showing signs of strength.
However, multiple resistance levels remain ahead, and traders are watching for confirmation before calling a sustained reversal.
Mid-Term Structure: May to July
The first half of May saw a strong rally, culminating in a high near $0.0007500. This move was followed by a multi-week correction, which gradually formed a descending range through June. The structure began shifting on July 9–11, when price successfully broke out above the $0.0004700 level – a zone that had previously served as resistance during the downtrend.
This breakout marks a potential change in market sentiment and could represent the early stages of a new trend, provided the level holds.
NEIRO 1D CHART Short-Term Momentum
Zooming in, the short-term structure shows a clear sequence of higher lows and higher highs. After bottoming near $0.0003900, the asset has seen a steady upward movement, with the latest impulse taking it from approximately $0.0004200 to $0.0005600.
The current consolidation around $0.0005300–$0.0005400 appears healthy, following the recent rally. Price is holding above the previous breakout level and is now testing local highs.
NEIRO 1H TIMEFRAME Key Technical Levels
Support:
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$0.0004700: The previous breakout zone; holding above this level confirms bullish structure.
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$0.0004300: Base of the recent impulse move.
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$0.0003900: Local bottom and invalidation level for the uptrend.
Resistance:
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$0.0005600: Short-term high from July 11; price failed to close above this level during the last impulse.
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$0.0006000: Psychological round number and area of historical significance.
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$0.0007500: May high and macro resistance.
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Structural Outlook
The asset has moved from a prolonged corrective phase into an early-stage breakout. As of now, price structure supports a bullish outlook, but confirmation is still needed via a break and close above $0.0005600–$0.0006000.
There are no visible indicators in the available charts, but candlestick formations show several bullish continuation patterns, particularly following the breakout. The presence of strong buyer candles and absence of significant rejection wicks further support short-term strength.
Volume data is not displayed, but the price action itself suggests active participation, especially during the July breakout. Sustained volume will be critical in pushing through overhead resistance.
Strategic Outlook
Bullish Scenario:
If the price holds above $0.0004700 and successfully breaks $0.0005600 with follow-through, the next likely target is $0.0006000. A daily close above this level could open the path toward retesting $0.0007500.
Bearish Scenario:
A rejection at $0.0005600 combined with a breakdown below $0.0004700 would indicate a potential failed breakout. In that case, price may revisit $0.0004300 and potentially $0.0003900. A clean break below $0.0003900 would invalidate the current structure and suggest further downside.
Conclusion
Neiro is in a technically promising position after reclaiming its mid-term breakout level.
The trend is currently constructive, and the structure favors further upside, provided the price can break through $0.0005600 and hold above $0.0004700. Traders should monitor for confirmation before positioning for continuation, as failure to hold key support zones could invalidate the current bullish setup.
