Pisces dumps $ 10 millimeters: pancakes are drowned by 13 % in prices star-news.press/wp

Main meals

Trend Research, 67.08 % higher than the NEIRO supplies, dropped 129 million code worth $ 10 million. At the same time, pInvestors made ETAIL distortions imposing 2.85 million symbols.

Since it reached $ 0.17 a month ago, Neiro on ethereum (Neiro) has been traded inside a convergence channel.

As of writing these lines, Nero was trading at $ 0.067, which represents a 13.3 % decrease on daily plans. This declining view continued through the weekly and monthly plans, with a decrease of 32 % and 49.3 %, respectively.

Amidst this strong downtown trend, the best holder in Nero began selling.

Nero: The best holder is unloading 129 million icons

according to Lokonchain, Research Trend, which has about 67.08 % of the total NEIRO supplies, has returned to the market for sale.

The portfolio deposited 129 million Nero icons worth $ 10 million in Beit. This pregnant woman raised 670 million icons for $ 55.55 million between August 2023 and March 2024.

Source: Lookonchain

At that time, Nero was selling at $ 0.083, and as the last market declined, these symbols are being sold at a loss.

Usually, when holders of pregnant women resort to being confused, it indicates lack of confidence and fear of incurring more losses.

The retail sale activity is also increasing

Interestingly, Neiro faced a strong sale activity from all market participants. According to Coinalyze data, Memecoin 2.85 billion dollars in the sale volume compared to $ 2.47 billion in the purchase volume.

Source: Coinalyze

As a result, Memecoin recorded a negative sale of -379.16 million, a clear sign of aggressive sale.

The exchange activities echoed this trend. On the fourth of September, the exchange balance in Nero increased to 129.57 million, indicating high flows.

Source: Santime

The derivatives are very declining

It is worth noting, amid the low prices of Nero, the participation in the derivative market increased. For each Coinglass, the derivative size jumped by 226 % to 53.5 million dollars, while the open interest decreased by 0.7 % to $ 18 million.

Source: Coinglass

Usually, when the volume rises during the decline of OI, it indicates that investors have quickly closed parking rather than keeping them.

Surprisingly, the long/short/short ratio decreased to 0.88, indicating high demand for short situations.

Consequently, those who enter the futures market shorten the market, and expect prices to decrease more, which is a clear and clear signal.

More losses in the future?

According to Ambrypto analysis, Nervousness It witnessed a strong declining momentum as the sellers dominate the market.

The Relative Power Index (RSI) decreased to 30, and touched the sales lands. Likewise, the positive trend movement index (DMI) also decreased to 14, while the negative index rose to 22.

Source: TradingView

Usually, when the momentum indicators are in this way, they indicate a strong, strong momentum and the possibility of continuing.

However, if the pressure and retail pressure persists, Nero will decrease to less than $ 0.06 and find support about $ 0.057.

However, if the bears are exhausted, the bulls jump to purchase the decline, the new demand will enhance the recovery of about $ 0.089.