First Neiro on Ethereum (NEIRO) has jumped 16% since Saturday – ending its sideways consolidation.
But can NEIRO keep rising, or is it just a temporary reprieve?
Meanwhile, Flockerz (FLOCK) continues to gain momentum in its presale and looks well-positioned to explode once it hits exchanges.
NEIRO Price Soars After Binance Pay Integration
NEIRO has climbed to $0.0016, marking its highest price in five days after successfully defending key support at $0.0014 over the weekend.
This latest spike has pushed NEIRO up the meme coin rankings, where it’s now flipped both MOG and GOAT in terms of market cap.
Trading activity tells a similarly bullish story.
NEIRO is now the 3rd most traded meme coin in the past 24 hours, just behind Pepe (PEPE).
Spot volumes have hit $390 million, suggesting the token has serious buying momentum.
But what’s the catalyst?
One key factor is a huge announcement made on Friday – that NEIRO has been integrated into Binance Pay.
This integration opens the door to over 236 million potential users.
It also eliminates gas fees for merchants and users on all NEIRO transactions, making the token a more attractive option for everyday payments.
Naturally, the partnership with Binance Pay has boosted demand for NEIRO.
NEIRO’s Technical Setup Points to Further Price Gains
Technical analysis suggests NEIRO’s rise could be more than just a temporary relief rally.
The token’s rejection of support at $0.0014 – which perfectly aligns with the 0.382 Fibonacci retracement level – has set up a bullish technical picture.
Yesterday’s strong retracement candle on the daily chart adds to the confluence.
With higher highs and higher lows also firmly established, NEIRO looks set to keep rallying.
This opens the door for a push toward the 1.272 Fibonacci extension at $0.0027.
And if that breaks, then the 1.618 Fibonacci level at $0.0032 presents another potential target.
External factors could also work in NEIRO’s favor.
Next week’s U.S. election looms large, with some traders betting a Trump victory will prompt a crypto bull run.
That would be great news for meme coins like NEIRO.
Combine that with the solid technical setup, and NEIRO looks primed to continue pushing higher.
However, the coin has also proven capable of capitulating in the past.
So, even though the signs look promising, there’s every chance NEIRO could take traders by surprise with an unexpected drop.
Could Flockerz Be the Next Meme Coin to Explode as Vote-to-Earn Project Raises $1.1M in Presale
NEIRO’s technical setup looks promising – but it’s not the only token catching traders’ attention.
Flockerz has also been building momentum in recent weeks.
Its presale has now raised over $1.1 million as traders pile in to grab discounted FLOCK tokens.
Most of the hype is around Flockerz’s Vote-to-Earn system that reimagines how meme coins operate.
When key decisions need to be made – whether about marketing strategies or token burns – FLOCK holders can vote through the Flocktopia DAO platform.
And in return, they’ll receive more FLOCK tokens.
This creates a cycle where community engagement directly translates to crypto earnings.
Unsurprisingly, this approach has gone down well with experts.
Yellow Trades recently released a video about Flockerz to his 58,000+ subscribers, saying FLOCK will soar “to the moon.”
Fellow crypto expert Jacob Bury also endorsed Flockerz.
These two big names have generated lots of interest, with the project’s Telegram channel seeing a spike in membership.
Adding to the excitement, Flockerz’s team has already had the project audited by Coinsult and SolidProof.
Both companies found no issues with the smart contracts.
Of course, since Flockerz is a presale project, it’s still in the early days, and investors should do their own research.
However, FLOCK could be well-positioned for an explosive exchange launch with its creative governance system, security audits, and growing endorsements.
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