First Neiro on Ethereum (NEIROCTO): Price Analysis and Prediction

Bittime - First Neiro on Ethereum (NEIROCTO) is worth paying attention to, due to its solid community and positive movement.

Since its appearance, First Neiro on Ethereum has been ranked 209 on coinmarketcap, thus attracting the attention of many parties.

What is the analysis and price prediction for First Neiro on Ethereum (NEIROCTO) in the future? Read the explanation here.

Analysis for First Neiro on Ethereum (NEIROCTO)

The price of NEIRO experienced a sharp spike on September 6, then peaked on September 24 at $0.00137, and increased by 5,600% from the previous low.

The surge accelerated after NEIRO was officially listed on Binance on September 16, although the announcement caused confusion among users.

Price wave analysis suggests that NEIRO may already be in the fifth and final wave of its uptrend, potentially followed by a long price correction. 

Although a bearish divergence is visible on the RSI indicator, indicating that the current movement is part of the fifth wave, there is no certainty whether the uptrend has reached its peak.

It is worth noting that this fifth wave is relatively shorter than the previous wave. 

If the length is equivalent to the first wave, NEIRO could rise as high as $0.00283 before experiencing a correction.

To confirm whether this upward trend has ended, further observations on lower time frames are needed.

Potential Top of the First Neiro on Ethereum Upside

The hourly price movement chart shows a bearish trend, but there is no confirmation that a downtrend has begun. 

This is because the NEIRO price is still remaining in a descending parallel channel, even though it has reached an all-time high.

Considering that the parallel channel in question usually indicates a correction phase, it is possible that this decline is only temporary before NEIRO moves back up towards its next target at $0.00283.

However, if NEIRO manages to break the channel's boundary, it will be a confirmation point that a longer downward trend has begun. 

In such a scenario, the next price target would be at the support level of $0.00080, which would mean a downside of 22% from the current price.

First Neiro on Ethereum (NEIROCTO) Price Prediction

Considering that First Neiro on Ethereum (NEIROCTO) is a new coin, it would be wise if the price predictions reviewed and presented do not cover the long term.

This is to avoid assumptions and assumptions that can cause disappointment.

The relatively rational price prediction for First Neiro on Ethereum is within the next 6 months. The following are predictions processed from cryptonews data.

First Neiro on Ethereum Price Prediction in the Next 6 Months

As a basis for comparison, currently as of October 1 2024, 17.11 WIB, when this article was written, the price of First Neiro on Ethereum according to Coinmarketcap is at $0.00128.

So if you review the projections based on information obtained from cryptonews, the results are as follows:

1. October 2024

Lowest Potential: $0.0011  

Average Price: $0.0011  

Highest Potential: $0.0011  

October is predicted to be relatively stable without many significant price changes. 

With the price range remaining at $0.0011, the market appears to still be in a consolidation phase after the previous correction. 

This could reflect a wait-and-see attitude from investors regarding further developments.

2. November 2024

Lowest Potential: $0.0011  

Average Price: $0.0012  

Highest Potential: $0.0012  

In November, prices are expected to rise slightly to an average of $0.0012. 

Although this increase is small, this positive trend suggests there is mild bullish sentiment in the market, driven by the possibility of news or developments that increase investor confidence.

3. December 2024

Lowest Potential: $0.0011  

Average Price: $0.0012  

Highest Potential: $0.0013

Towards the end of the year, the price is predicted to climb higher with a potential high of $0.0013. 

The increase may be related to year-end momentum in the crypto market, when interest in digital assets tends to increase, as well as positive year-end trading opportunities.

4. January 2025

Lowest Potential: $0.0012  

Average Price: $0.0013  

Highest Potential: $0.0014  

In early 2025, predictions show a clearer increase. The lowest price rose to $0.0012, and the highest peak could reach $0.0014. 

The increase could indicate more optimistic expectations from the market after the holiday period, with speculation about project developments or institutional support.

5. February 2025

Lowest Potential: $0.0012  

Average Price: $0.0014  

Highest Potential: $0.0015  

Predictions for February 2025 see the price spike even higher, with an average of $0.0014 and a potential high of $0.0015. 

March could be an important period for NEIROCTO, as a consistent uptrend could attract more new investors.

6. March 2025

Lowest Potential: $0.0012

Average Price: $0.0014  

Highest Potential: $0.0016  

In March 2025, predictions suggest a more significant potential high at $0.0016. 

There is the possibility of an important event or major development that triggers increased demand in the market, both in terms of technology adoption and ecosystem integration.

Final Note

From First Neiro on Ethereum's analysis and predictions, NEIROCTO is expected to experience a moderate increase over the next six months, with the potential for a higher spike in early 2025. 

General market sentiment appears optimistic, although still within a reasonable range, as prices stabilize below $0.0020.

Even though it looks promising, you should still do in-depth independent research first before investing in crypto. Hope it is useful.

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