Can the NEIRO Token Price Reach $0.0031?
First Neiro (NEIRO) on Ethereum is up nearly 10% over the past week. The rally was driven by a significant increase in token holding time and whale accumulation.
This trend indicates growing bullishness among investors as they hold NEIRO tokens longer, indicating their confidence in the token’s future price.
NEIRO Price Surges as Whales Accumulate and Hold Time Increases
Evaluate NEIRO’s on-chain activities It was revealed that the holding time of trading tokens has increased significantly in the past week. According to IntoTheBlock, the metric surged 80% during the review period.
The holding time of an asset trading token measures the average duration that its token is held in a wallet before being sold or transferred. When this metric rises, investors have stronger conviction as they reduce selling activity and hold the token for the long term. This shift signals increased market confidence or optimism in the asset.
In addition, NEIRO whales or large investors have also increased their efforts to increase their holdings. In the past week, Net flow of NEIRO major shareholders Soared 35%.
Large holders are whale addresses that hold more than 0.1% of the asset’s circulating supply. When their net flows show positive growth, it indicates that major investors are accumulating more assets than they are selling or moving out. This signals bullish sentiment, as an increase in whale accumulation reflects confidence in the future price performance of the asset.
NEIRO Price Forecast: Whale migration could fuel further gains
NEIRO is currently trading at $0.0010. If investors increase their holding time and Whales step up accumulation effortsthey will push the altcoin above the $0.0011 resistance. A break above this resistance could push the price of NEIRO to an all-time high of $0.0031.
on the other hand, If traders start taking profits If whales reduce accumulation, they will invalidate this bullish forecast. In this case, NEIRO token price could plummet to $0.00053
Disclaimer
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