NEXO is currently trading at $0.910026, reflecting a slight decline of -0.18978% over the past 24 hours. The daily trading range has been tight, with a high of $0.914407 and a low of $0.904141, indicating a lack of volatility in the short term.

The trading volume over the past 24 hours stands at 4,944,571, representing 0.54% of the market cap, suggesting moderate interest among traders. Moving averages show a mixed sentiment, with the 8 and 13 SMA indicating slight bullish momentum, while the 55 and 144 SMA suggest a bearish trend over the longer term.

The 1-hour RSI is currently at 45, indicating that the asset is nearing neutral territory but not yet oversold. In contrast, the 7-day RSI at 48 suggests a similar neutral stance, while the 14-day and 30-day price changes of -5.59% and -4.61% respectively indicate a bearish trend over the longer timeframe.

NEXO's all-time high of $4.07, achieved in May 2021, remains a distant target, and current price levels suggest significant downward pressure. Given the recent price action and technical indicators pointing towards potential weakness, the market sentiment does not favor immediate bullish trends.

Considering the overall technical analysis, including recent price movements and RSI readings, the recommendation is to hold NEXO. While short-term indicators are not overly negative, the longer-term trends suggest caution, and potential investors should await a clearer bullish signal before considering a buy.