Источник BeInCrypto.com
Заголовок NEIRO’s 18% Price Drop Prompts Long-Term Holders To Dump Tokens
Дата 20241113

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NEIRO’s 18% Price Drop Prompts Long-Term Holders To Dump Tokens

First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum (NEIRO) surged to a new all-time high of $0.0031
during Tuesday’s trading session. However, the decline in activity in the
broader cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market has led the NEIRO token price to shed some of
these gains. It currently trades at $0.0023, noting a 19% price decline over
the past 24 hours.

This double-digit decline in NEIRO’s price has prompted some long-term holders
to sell. With gaining selling momentum, NEIRO is poised to extend its price
fall in the short term.

First Neiro on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Long-Term Holders Take Zero Chances

During Wednesday’s early trading hours, NEIRO’s age-consumed metric , which
tracks the movement of long-held coins, noted a significant uptick. Per
Santiment’s data, it skyrocketed to a weekly high of 92.04 billion. NEIRO Age
Consumed. Source: Santiment

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This surge is notable because long-term holders rarely move their coins
around. When they do, it often hints at a shift in market trends. When age
consumed spikes during a price decline, it signals that older coins are
suddenly being moved or transacted.

This spike in activity can indicate that long-term holders, who may have been
waiting for the right market conditions, are deciding to sell their holdings
amid the downturn.

Notably, the rise in NEIRO’s Exchange Flow Balance confirms the selling
activity. According to Santiment, this metric, which measures the net
difference between the amount of an asset sent to exchanges and the amount of
an asset withdrawn over a specific period, has climbed by 158% over the past
24 hours. At press time, it sits at 828.54 million NEIRO tokens. NEIRO’s
Exchange Flow Balance. Source: Santiment

When this metric spikes, it indicates a significant increase in the amount of
assets deposited to exchanges. It signals that holders are preparing to sell,
leading to downward price pressure.

NEIRO Price Prediction: A Decline To $0.0019 or Rally Back To All-Time High?

The meme coin currently trades at $0.0023, having broken below the support
level of $0.0024. This break below the support line confirms the downtrend and
suggests the price fall may continue. Should the NEIRO token price continue to
drop, it will likely reach $0.0019. NEIRO Price Analysis. Source: TradingView

However, this bearish outlook would be invalidated if the NEIRO token
experiences a resurgence in demand, propelling it back above the $0.0024 mark
and positioning it to reclaim its all-time high of $0.0031.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
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but market conditions are subject to change without notice. Always conduct
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============= Итог: 1,9990 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum


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