NEXO is currently trading at $0.797739, reflecting a 24-hour decline of 2.28%. The daily range has been relatively narrow, with a high of $0.844598 and a low of $0.790232, indicating limited volatility in the current market environment.

The volume over the last 24 hours stands at approximately 10.16 million, representing a 1.27% share of the market cap. The hourly moving averages show a bearish trend, with the 8 SMA at $0.8021 and the 55 SMA at $0.8168, suggesting short-term resistance levels are being tested as the price remains below these averages.

The 1-hour RSI is notably low at 20, indicating that NEXO is in oversold territory in the short term, which could lead to a potential rebound. Conversely, the 7-day RSI at 55 indicates a more balanced momentum, while the 14-day and 30-day price changes are significantly negative at -16.49% and -16.50%, respectively, reflecting longer-term bearish pressure.

NEXO's all-time high remains at $4.07, set in May 2021, which highlights the substantial distance from current levels. Despite recent declines, the 7-day price change shows a slight gain of 2.16%, which could indicate some buying interest at these lower levels.

Considering the current technical indicators and the overall market sentiment, NEXO is displaying signs of short-term oversold conditions but is still under significant pressure in the medium to long term. Therefore, the rating for NEXO is a Hold, as potential short-term gains may occur, but overall trend weaknesses and significant past losses suggest caution before any new positions are taken.