NEXO is currently priced at $1.063, reflecting a 1.81% increase over the past 24 hours. The price action has remained within a daily range of $1.034 to $1.098, indicating moderate volatility with a relatively low daily range of 0.064%.

Trading volume stands at approximately 11 million, equating to 1.04% of the market cap, suggesting a stable level of interest among traders. The hourly moving averages indicate bearish momentum, with the 8 SMA at $1.07 showing a decline of 1.06%, while the longer-term 144 SMA is at $1.09 with a more pronounced drop of 2.25%.

The 1-hour RSI is at 34, indicating oversold conditions, while the 7-day RSI at 47 suggests a neutral stance. Price changes over the last 7, 14, and 30 days are negative, with declines of 5.12%, 6.89%, and 17.41% respectively, reflecting a bearish trend in the medium term.

NEXO's all-time high of $4.07 from May 2021 shows significant potential upside if recovery occurs. However, the current price remains substantially below this level, indicating resistance to upward movement in the near term.

Given the bearish indicators in moving averages and the negative price momentum over multiple time frames, a cautious approach is warranted. Therefore, the rating for NEXO is a Hold, as the market may require consolidation before a potential recovery is feasible.