The memecoin market has taken over the crypto space by recording a massive uptrend within a short period. Notably, Goatseus Maximus (GOAT) and First Neiro on Ethereum (NEIRO) have experienced a meteoric rise within a short time frame.
Planning on investing in undervalued memecoins but concerned about the price prospects of these? In this article, we have uncovered the market sentiment and possible short-term price analysis of 2 meme coins.
The Neiro price has jumped ~14% in the past 24 hours with a trading volume of $894.28 million. Moreover, it has added ~58% over the past week and 56,413% this year. The meme coin has surpassed the $1 billion mark and is currently valued at $1.013 billion.
The Simple Moving Average (SMA) constantly supports the Neiro price chart in the 4H time frame. Further, its RSI indicator continues hovering above the overbought range. This highlights increased buying pressure for the memecoin in the market.
If the market continues gaining momentum, the First Neiro on Ethereum price will head toward its upper target price of $0.0030. On the flip side, a bearish reversal could pull the price toward its low of $0.0020 this month.
Planning to invest in this memecoin but concerned about its long-term prospects? Read CoinPedia’s Neiro Price Prediction article!
The GOAT price has added 42.13% over the past week and ~750% during the past 30 days. Further, this Solana-based memecoin has added 751.63% within the past 25 days, indicating strong buying pressure for this project in the crypto space.
The Relative Strength Index (RSI) continues trading above its overbought range in the GOAT price chart. Moreover, its technical indicator, SMA has recorded a bullish rise, suggesting a positive outlook for this meme coin in the crypto market.
Suppose, the bulls dominate the crypto market, this could result in the Goatseus Maximus price potentially achieving the $1 mark. However, if the bears outrun the bulls, the GOAT coin price may plunge toward its low of $0.735.
Considering this viral memecoin as your next big investment? Read our Goatseus Maximus (GOAT) Price Prediction article!
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