Neiro Price Drop: NEIRO Falls 15% as SHIB 2.0 ICO Nears $1M

Neiro Ethereum Price Update

Neiro Ethereum (NEIRO) has experienced a significant decline, plummeting 15% in the last 24 hours to a trading price of $0.01413 as of 1:45 a.m. EST. This drop comes alongside a 44% decrease in trading volume, now at $22 million. This decline in NEIRO’s price occurs despite the recent announcement from Bybit crypto exchange, which revealed that NEIRO will be listed on its platform.

Upcoming NEIRO Listing Details

The NEIRO listing on Bybit is scheduled for August 21 at 10 a.m. UTC. Deposits and withdrawals will be facilitated through the Ethereum network.

Neiro Ethereum Price Analysis: Bearish Channel and Critical Support Level

The NEIRO/USD pair on the 4-hour timeframe reveals several key technical indicators that could affect price movements:

• Bearish Channel: The price is trending downward within parallel lines, indicating a persistent downtrend with lower highs and lower lows.
• Support Level: The price is approaching a crucial support level that has historically held. This area may act as a potential turning point.
• 50-Period SMA: Currently, the price is below the 50-period Simple Moving Average (SMA), which often serves as dynamic resistance in downtrends.

If the price breaks below this support level, further bearish momentum could follow. Conversely, if the support holds, a rebound towards the upper boundary of the bearish channel may occur. A breakout above the 50-SMA and the channel’s upper boundary might signal a potential reversal or a temporary bullish move.

Technical Indicators: Mixed Signals

Here’s a closer look at the current technical indicators:

• Relative Strength Index (RSI): Currently at 44.97, slightly below the midpoint of 50. This suggests a neutral to slightly bearish phase, with potential for either continued downtrend or reversal depending on buying interest.
• Moving Average Convergence Divergence (MACD): The MACD line is slightly below the signal line, indicating bearish momentum. However, small histogram bars suggest that this momentum might weaken, potentially leading to a crossover if buying pressure increases.

Traders should monitor for a confirmed breakout or breakdown to determine the next significant move.

SHIBASHOOT: The New Crypto Sensation

As NEIRO traders anticipate a potential bull rally, investors are turning their attention to the new Shiba Inu derivative, Shiba Shootout (SHIBASHOOT). The presale of SHIBASHOOT is approaching $1 million, attracting significant interest. The 99Bitcoins crypto YouTube channel, with over 706k subscribers, highlights SHIBASHOOT’s “insane rewards.”

Shiba Shootout Overview

Shiba Shootout is a play-to-earn (P2E) game set in a Wild West-themed digital landscape. It offers an engaging experience that goes beyond traditional meme coins with:

• Shiba Gulch: A vibrant digital town where Shiba enthusiasts compete against each other.
• Available Platforms: The game is accessible on both the Google PlayStore and the Apple App Store.
• Upcoming Update: Players will soon be able to earn $SHIBASHOOT tokens as rewards.

Additionally, $SHIBASHOOT holders can earn passive income through the platform’s staking mechanism, offering an impressive 937% annual yield.

How to Participate

You can participate in the SHIBASHOOT presale by purchasing tokens for $0.0199 on the official website. Payments can be made using ETH, BNB, USDT, or a bank card. Don’t wait too long, as the price will increase in two days.