Is it too late to buy Nero? Nero price surges 60%, and this could be the next cryptocurrency to explode in September

The price of Nero has increased by 60% in the last 24 hours. Trading at $0.00008647 As of 03:37 AM ET, trading volume has risen to $4.3 million.

Nero price will continue to rise

According to data from Gecko TerminalThe Nero price has been under some pressure from bulls and bears since August 31, and the struggle is now forming a double bottom pattern.

NEIRO bulls then took advantage of the pattern to push the price through the uptrend, aiming to maintain the trend.

Neiro price is now trading above the 50-day and 200-day simple moving averages (SMAs), confirming the current bullish stance.

Moreover, the Relative Strength Index (RSI) is above the overbought zone of 70, and is currently at 75, which is an indication that the asset is under heavy buying pressure.

The Moving Average Convergence Divergence (MACD) indicator also indicates that Neiro is currently in a positive uptrend, as it rises above the neutral line. Furthermore, the blue MACD line is crossing above the orange signal line, forming a bullish crossover.

According to the MACD and RSI indicators, the price of Neiro is in an upward trend. If this trend continues, NEIRO is currently targeting the $0.00010 level.

However, the RSI indicates that the asset is currently overvalued, which could be a sell signal. If bears take control here, Nero could drop back to $0.000056 (200-day SMA).

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