Neurashi (NEIUSD) Remains Firm above the $0.0092 Supply Level

Neurashi (NEIUSD) Price Forecast: January 15

Amid the ongoing market correction, the Neurashi pair remains firm above the $0.0092 supply level, trying hard not to fall by resisting sellers. In case the bulls’ pressure breaks up the resistance level of $0.016, the coin price may increase further to the next price target level of $0.025 high trend line, which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $0.010, $0.011, $0.012
Support Levels: $0.008, $0.007, $0.006

NEI (USD) Long-term Trend: Bullish (Daily Chart)

NEIUSD remains firm above the $0.0092 supply level despite the broader cryptocurrency market downturn in the higher time frames. This is evident as prices are above the moving average lines, indicating an uptrend.
However, the previous action at a $0.0096 high level in the last few days has sustained the coin price to remain firm above the trend line.

The Neurashi price remains firm above the supply level at $0.010 as the daily chart opens today, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.

Hence, the pair pointing up on the daily stochastic indicates that the buying pressure may continue, and suggests a possible bullish expansion leading the price of Neurashi to a $0.025 supply level soon in the higher-term time frame.

NEI (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. The price of NEIUSD can be seen progressing upward above the moving averages, implying a bullish momentum.
The bulls’ pressure on the coin to a $0.0092 resistance level in the previous action has enabled the crypto to remain firm above the supply levels and retain its upward growth in recent times.

Continuation to the north is confirmed by the bullish candle at $0.0095 resistance level above the EMA-50 as the high of the day at the time of writing this article.

However, if the buy traders successfully keep the coin prices above the $0.010 high value, a retest of the previous high at the $0.012 level is possible soon.

Additionally, there is a possibility of a further increase in the price of Neurashi if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $0.025 supply level might be reached as soon as it remains firm in its medium-term time frame.

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