Is NEIRO’s Rally Real Demand Or Mostly Market Maker Controlled Price Action?
- NEIRO surged nearly 4x in five days following quiet accumulation by major market maker Wintermute.
- Technical indicators show overbought RSI and a bullish MACD, hinting at potential short-term cooling.
- Fibonacci extensions suggest $0.00072436 as the next major target if bullish momentum persists.
NEIRO, one of Ethereum’s rising meme coin stars, is back in the spotlight after a parabolic price move that has traders questioning whether quiet accumulation by market makers (MMs) is fueling the rally. Over the past five days, NEIRO has surged nearly 4x in value and as per CoinMarketCap data, the cryptocurrency soared 165% in the past week alone. With a 74.62% increase in trading volume in the past 24 hours, NEIRO trades at $0.0005592, successfully reclaiming the 20-day EMA at $0.00033.
Market Maker Wintermute Reportedly Accumulating NEIRO Amid Price Surge
According to analyst group CryptoNinjas, the rally coincided with major trading firm Wintermute accumulating NEIRO from major exchanges like Binance and OKX.
While meme coin volatility isn’t new, what makes NEIRO’s recent behavior notable is that this breakout comes while much of the broader market is…
The post Is NEIRO’s Rally Real Demand Or Mostly Market Maker Controlled Price Action? appeared first on Coin Edition.
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Is NEIRO’s Rally Real Demand Or Mostly Market Maker Controlled Price Action?
- NEIRO surged nearly 4x in five days following quiet accumulation by major market maker Wintermute.
- Technical indicators show overbought RSI and a bullish MACD, hinting at potential short-term cooling.
- Fibonacci extensions suggest $0.00072436 as the next major target if bullish momentum persists.
NEIRO, one of Ethereum’s rising meme coin stars, is back in the spotlight after a parabolic price move that has traders questioning whether quiet accumulation by market makers (MMs) is fueling the rally. Over the past five days, NEIRO has surged nearly 4x in value and as per CoinMarketCap data, the cryptocurrency soared 165% in the past week alone. With a 74.62% increase in trading volume in the past 24 hours, NEIRO trades at $0.0005592, successfully reclaiming the 20-day EMA at $0.00033.
Market Maker Wintermute Reportedly Accumulating NEIRO Amid Price Surge
According to analyst group CryptoNinjas, the rally coincided with major trading firm Wintermute accumulating NEIRO from major exchanges like Binance and OKX.
While meme coin volatility isn’t new, what makes NEIRO’s recent behavior notable is that this breakout comes while much of the broader market is…
The post Is NEIRO’s Rally Real Demand Or Mostly Market Maker Controlled Price Action? appeared first on Coin Edition.
Read More