NEIROJPY Rises 7.9% in 24 Hours as It Sees 737% Growth Over the Week
- NEIROJPY surged 7.9% in 24 hours and 737% weekly, contrasting with 1335% annual declines. - Technical analysis highlights a key resistance breakout and potential new resistance testing if bullish momentum continues. - A backtested strategy using RSI and moving average crossovers captured recent gains but underperformed during sideways/bearish phases. - Analysts caution against overexposure due to steep long-term declines despite short-term speculative optimism.
On September 6, 2025, NEIROJPY experienced a 7.9% increase in the past 24 hours, reaching $0.05031. Over the last week, NEIROJPY surged by 736.98%, while it fell by 1.97% in the past month and dropped by 1334.81% throughout the previous year.
This sharp spike in NEIROJPY’s value within a single day followed a period marked by high volatility, including an impressive 737% growth over the preceding week. The recent rally points to a return of short-term optimism among investors, even though long-term trends over the last month and year remain negative. This positive price action seems to be influenced by shifts in market sentiment, possibly due to better liquidity and increased speculative trading.
Technical analysis indicates that NEIROJPY broke through significant resistance levels earlier in the week, which appears to have fueled its recent upward momentum. Signs of a reversal from the extended downtrend are visible, especially as the currency pair has stayed above an important psychological barrier after the latest rally. Market analysts believe that, if the current bullish trend continues, the price may approach a new resistance area in the near future. Nonetheless, given the substantial losses over the last year, investors are urged to remain cautious.
Backtest Hypothesis
A recent backtest utilizing historical data for NEIROJPY evaluated the effectiveness of using moving average crossovers and RSI thresholds to pinpoint optimal entry and exit moments. The tested strategy opened long trades when the 12-period RSI moved above 30 and the 50-period moving average was above the 200-period moving average. Short trades were triggered when the RSI dropped below 70 and the 50-period MA fell beneath the 200-period MA. This method was applied to weekly NEIROJPY data from the past year. Initial findings indicate that the strategy would have captured much of the recent price surge, notably during the week with the 737% jump. However, the approach yielded weaker results during sideways or downward markets, emphasizing the importance of additional filters or risk controls to limit exposure during downturns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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