NEXO is currently trading at $0.935545, reflecting a 24-hour decline of 4.0367%. The price has experienced a daily range between a low of $0.934585 and a high of $0.991187, indicating a relatively tight trading band given the current market conditions.

The volume of 13,260,344 with a volume-to-market cap ratio of 1.42% suggests moderate trading activity, yet it is below average for significant price movements. The hourly and daily moving averages show a downward trend, with the 8 SMA at $0.9539 indicating a 1.93% decrease, and the 144 SMA at $0.9947 reflecting a more substantial 5.94% drop.

The Relative Strength Index (RSI) values further confirm bearish momentum, with the 1-hour RSI at 19 indicating oversold conditions in the short term. The 7-day RSI at 43 suggests that while the asset is not yet in a strong oversold territory, it is trending lower, reflecting continued selling pressure.

Over the past 30 days, NEXO has dropped approximately 20.26%, which indicates a sustained downtrend that is likely to persist unless buying interest emerges. The all-time high of $4.07, reached in May 2021, highlights the significant distance from current levels, further emphasizing the need for a bullish reversal for long-term holders.

Given the current technical indicators, bearish sentiment in both short-term and medium-term timeframes, and lack of substantial buying volume, the rating for NEXO is a Sell. The persistent decline across moving averages, combined with a low RSI, suggests that potential investors should refrain from entering positions until clearer signs of a reversal occur.