NEIRO Investor Turns $56,000 Investment Into $2.69 Million as Token Surges 47x

From July 28 to September 16, the investor purchased 1.474 billion NEIRO tokens, paying for them with 23.4 ETH. As NEIRO price soar so did his investment

An investor in the NEIRO token made a substantial gain by purchasing and accumulating the tokens over a period of nearly two months. The tokens were then transferred to the Binance exchange, suggesting the investor may be preparing to take profits from the large gain.

The investor bought 1.474 billion NEIRO tokens at an average price of $0.0000385 for around 23.4ETH ($56,800) at the time of purchase. The accumulation began on July 28 and spanned two months, concluding on September 16.

As a result of a significant increase in NEIRO's market value, the investor's tokens were now valued at $2.69 million and were transferred to Binance.

If sold at the current price, the investor's initial investment would return 47x, netting them a gain of around $2.63 million. The large NEIRO transfer to Binance suggests the investor is likely taking profits following the token's price surge.

NEIRO showed strong buying interest on Friday, with the token rising 14.8% over 24 hours to reach $0.00172787.

The token has formed a series of green candles on its price chart, indicating a bullish trend over the past few weeks following consolidation in late September.

Technical indicators in the market also signaled bullish momentum, with the MACD (Moving Average Convergence Divergence) in positive territory to indicate buying momentum.

The RSI (Relative Strength Index) is now at 76.12, above 75.00 in the overbought zone, indicating the price may face a short-term corrective or consolidation period.

The RSI in the overbought zone could indicate a pullback or consolidation period. Despite being technically overbought, the market sentiment is still positive as strong demand has pushed the price up.

NEIRO could once again face resistance around $0.00180000, a psychological level where a good amount of sellers might take profits.

However, the price previously consolidated around $0.00140000, which serves as the next key support level on the downside.

Meanwhile, the investor's large transfer to Binance could add to the volatility amid high market activity. Large sales usually cause a temporary dip, and if the tokens are sold, it could impact NEIRO's price in the short term.

The overall uptrend indicates the market is absorbing demand well, and the bullish move could continue if buying pressure negates any potential sell-off.

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