$NEIRO Reaches New Peak at $0.0025; Poised for More Gains

NEIRO on Ethereum recently spiked to a new high of $0.0025, capturing investors' attention. Although some selling followed, the meme coin still appears ready for potential gains. 

Large holders raised their $NEIRO holdings by over 266% in the past week, showing strong support for the coin. With technical indicators flashing bullish and on-chain data suggesting positive momentum, $NEIRO might be gearing up for another rally soon.

Whales Increase Confidence in $NEIRO’s Potential

$NEIRO’s whales, holding over 0.1% of the token supply, are actively backing the coin. According to IntoTheBlock data, large holders' netflow rose by 266% in the past seven days. 

Such whale activity signals a strong market interest, as more demand typically reduces supply and drives the price higher. Rising netflow from whales creates buying pressure that can elevate $NEIRO’s value. 

These influential holders may anticipate long-term growth, adding weight to a positive outlook. With whales backing $NEIRO, other investors may be encouraged to join the rally.

Market Sentiment Remains Bullish

Further supporting $NEIRO’s outlook is a positive funding rate of 0.0075%. In perpetual futures, this indicates strong demand for long positions, showing that traders believe in $NEIRO’s upward potential. 

Increased demand for long trades often suggests positive sentiment, with most expecting the price to climb. Currently, $NEIRO trades at $0.0023. Renewed demand could push the coin back to its previous peak of $0.0025 and beyond. 

For now, the price might pull back to a support level near $0.0012  if profit-taking continues. Investors should stay alert as $NEIRO charts its path forward in this unpredictable market.