The meme coin market is mostly losing ground today, with majors like $DOGE and $PEPE down 1.5% and 3.7%, respectively. But it’s not all bad news for meme coin traders, who can still find opportunities in select tokens that are bucking the trend.

Neiro Ethereum ($NEIRO) surged more than 60% overnight, reversing its month-long decline in spectacular fashion. In addition, meme coin presales like Crypto All-Stars have been charging forward with massive raises and raising the prospect of significant gains when the meme market turns around.

$NEIRO Pumps 60% as Bearish Trend Hits Support, Reverses

The biggest winner in the meme coin market over the past 24 hours has been $NEIRO, the Ethereum-based meme coin based on the new dog adopted by the owner of the dog that inspired Dogecoin.

$NEIRO rocketed more than 60% to a high of $0.085, putting a distinct end to the bearish trend that has plagued the token for much of the past month. $NEIRO has faded from its high and is now trading at $0.0768, but that still represents a gain of more than 41% in the last 24 hours.

The meme coin’s reversal appears to be primarily technical-based—nothing about $NEIRO’s fundamentals have changed, and there haven’t been any market catalysts to explain the token’s sudden turnaround.

Instead, the key was support around $0.0220, which $NEIRO hit on Tuesday. At that level, traders stepped in en masse, surging trading volume to nearly $60 million from just $15 million the week before. The buying activity was incredibly concentrated, sending the $NEIRO chart on a nearly vertical trajectory.

The question now is whether $NEIRO can sustain its gains. While it’s normally challenging for a token to keep up momentum like this, analysts have pointed out that $NEIRO could explode higher on a short squeeze. Hundreds of millions of dollars in short bets have been placed on $NEIRO, and those short traders will be forced to buy $NEIRO in order to cover their positions.

When this thing goes. It GOES.What did I tell you?$NEIRO is trading at the same volume as $WIF & $PEPE but at a small fraction of the market capitalization.There's over 100 million $$ in shorts piled up to ath and they will be busted WIDE the fk open.HIGHER WITH HASTE. pic.twitter.com/Y566a3m99F

— TheS◎Lstice (@The__Solstice) September 5, 2024

If that happens, $NEIRO could shoot higher to resistance around $0.113 before its momentum slows down. That represents a potential gain of more than 50% from the current $NEIRO price.

Crypto All-Stars Presale Approaches $1M as Analysts Predict 10x Returns

While $NEIRO was posting explosive gains yesterday, one of the most exciting meme coin presales of the year edged closer to a $1 million raise.

Crypto All-Stars, a new meme project that’s bringing meme coin investors together and rewarding them with $STARS tokens, has now raised more than $980,000. The project is ahead of schedule to sell out its presale and could be one of the biggest meme coin launches of the fall.

At the heart of Crypto All-Stars is the project’s Meme Vault, which lets meme coin investors stake tokens like $DOGE, $SHIB, $PEPE, and $FLOKI to earn rewards in Crypto All-Stars’ native $STARS token.

So, instead of selling major meme coins to buy $STARS, investors from many different meme coins can hold their tokens and earn from them.

The Crypto All-Stars presale has attracted attention because of the role the $STARS token plays in the MemeVault. Investors who stake $STARS alongside their other meme coins can earn 3x rewards—so it’s very worthwhile for investors to lock down $STARS tokens during the presale.

On top of that, investors who buy $STARS during the presale will get first access to the MemeVault. That means they can earn the highest APYs and earn for longer than anyone else.

Until the MemeVault launches, Crypto All-Stars is also rewarding presale with rewards up to 1,456% APY for $STARS investors.

Crypto analysts have been quick to highlight the potential of $STARS. Jacob Bury called it the next 10x meme coin, while Crypto Boy issued an even more ambitious prediction for 100x returns after launch.

The next price increase in the Crypto All-Stars presale is just over a day away, so there’s no time to waste. Buy $STARS today to lock in early access to the MemeVault and start earning eye-popping rewards on your meme coins.

Visit Crypto All-Stars Presale

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