Despite a long period of decline, holders of First Neiro on Ethereum (NEIRO) are sticking to their tokens. They aren’t selling, even after a 20% surge in the last 24 hours. This shows a growing optimism that the recent rise in the meme coin is just getting started.

NEIRO’s recent price jump means it’s now just 10% away from its all-time high. Right now, it’s trading at $0.0021. On-chain data from Santiment reveals that the daily transaction volume in profit is around 12.32 billion. While this sounds impressive, it’s relatively low compared to past spikes. For example, on September 16, profits soared to 448.33 billion. In October, profit volumes were also higher than what we see today.

This price increase suggests that many NEIRO holders feel positive about their investments. If this momentum keeps up, NEIRO’s price could continue to rise.

Network activity also reflects this positive sentiment. According to IntoTheBlock, active addresses have jumped by 130% over the past week. New addresses and those with zero balance are also on the rise. This uptick shows more investors are engaging with the meme coin. The increase in new addresses points to a growing interest in First Neiro on Ethereum, indicating higher demand. If this trend continues, NEIRO’s price could maintain its upward trajectory.

From October 30 to November 5, NEIRO’s price dropped from $0.0017 to $0.0013. However, the 4-hour chart shows that selling pressure has eased. The meme coin broke out of a descending trendline, which is a positive sign. Support at $0.0013 has kept the price from falling further. The Average Directional Index (ADX) is also trending upward.

The ADX is an important tool for measuring trend strength. A reading below 25 usually indicates weak momentum. But with the ADX currently at 42.49, it suggests that NEIRO’s uptrend is gaining strength and could keep going.

If NEIRO holders stay confident and don’t sell, the price might surpass $0.0023 and potentially reach a new all-time high. But if profit-taking happens before that, the token may not reach that level and could fall back to $0.0015.