After a day of unexpected upsets in the meme coin arena, Neiro (NEIRO) assumes the role of top gainer by posting gains among other meme coins.
In the same period as the price of Neiro climbed above 20%, the cost of meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Bonk (BONK) fell between 1 and 4%.
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Neiro, which was priced around $0.002123 at press time, saw its valuation jump 17% in a single day as the community joined in with growing investor interest. The 24-hour trading volume also increased with a 12.42% increase from $925.05 million.
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With a market capitalization of $893.07 million, the Neiro token is receiving a disproportionate amount of attention from coin fans and traders, growing 17.04% over the same period.
However, the performance of other meme coins stands in stark contrast to its bullish momentum. The price of Dogecoinwith the largest market capitalization among meme coins, fell by 4.3% in the last 24 hours and now stands at $0.1917 per coin.
Additionally, Shiba Inu saw a slight decline of 0.7%, to $0.00001866. The trend is not limited to even larger pieces.
Meme coins such as Dogwifhat (WIF) and Bonk (BONK) have not been spared either. Losses were noted on their respective prices.
Technical analysis: Neiro’s bullish momentum
Looking under the hood at Neiro’s technical chart shows the bullish momentum behind the recent price rally. Neiro The price trend on a 4-hour time frame is generally aggressive to the upside, surpassing strong resistance levels.
Neiro price recently rebounded, reaching a resistance zone around $0.002134. This indicates that if this level is exceeded and maintained, it could continue to rise skyward in the near term.
A few pullbacks and an upward trajectory reveal that buyer demand is stable. Neiro’s volume-to-market cap ratio of 103.03% offers another strong argument. High trading volume relative to market capitalization indicates strong investor interest.
The technical outlook and intense 24-hour gains place Neiro at the top of the meme coin sector in this performance cycle. The recent rise in Neiro prices is more than a temporary increase.
Theoretically, if the coin breaks above the $0.002134 resistance, it could be a lifesaver, allowing the coin to continue to gain during this rise towards an untested first mark. As long as trading volume remains at this level, Neiro’s uptrend will likely continue.