Date: Thu, Aug 07, 2025 | 09:58 AM GMT
The cryptocurrency market is making a slight recovery following the recent sharp decline, with Ethereum (ETH) bouncing back near $3,750 after dipping to a low of $3,357. As confidence cautiously returns, several memecoins have started to rebound — including First Neiro on Ethereum (NEIRO).
NEIRO has flipped green today with modest gains, and its price chart is now revealing an emerging harmonic pattern that could hint at a significant upside move ahead.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, NEIRO is forming a Bearish Butterfly harmonic pattern — a setup that, despite its name, often signals powerful bullish continuations during its final leg (CD). This leg tends to be the most aggressive and volatile part of the pattern, often leading to breakout moves.
The pattern began at point X (~$0.0003048), then moved through point A, rebounded to point B (~$0.000771), dropped to point C (~$0.0003585), and has since begun its recovery. NEIRO has already reclaimed its 200-day moving average, a crucial technical milestone indicating renewed strength.
Currently trading around $0.0003923, NEIRO is inching closer to its 100-day moving average, which sits at $0.0004335 — a key resistance to watch.
What’s Next for NEIRO?
If NEIRO breaks above the 100-day MA and continues following the harmonic structure, it could set its sights on the Potential Reversal Zone (PRZ) near $0.0008175. This would represent an impressive 109% upside from current levels.
However, for this bullish setup to remain valid, NEIRO must hold key support at both the 200-day MA and the C point (~$0.0003585). Losing these levels could invalidate the pattern and delay any potential breakout.
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