NEXO NEXO
Current Price
$0.9075 +2.24%
$0.0318 Daily Range (3.51%)
$0.8756$0.9074
$4.90M Daily Volume
64 BTC
Vol/MktCap: 0.54%
Market Performance
+0.07% 0.00001188 BTC
+0.44% 0.0004 ETH
+2.25% 0.9075 USDT
+1.01% 0.6346 XRP
+0.71% 0.0014 BNB
0.01% Relative BTC Volume
The total volume of NEXO is $4.90M over the past 24 hours, compared to $44.90B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.8935 +1.57%
13 SMA $0.8904 +1.92%
21 SMA $0.8890 +2.07%
55 SMA $0.8948 +1.41%
144 SMA $0.9020 +0.61%
Price Performance
+0.85% 1 Hour Change
$0.9075 from $0.8998
+2.69% 7 Day Change
$0.0244 from $0.8831
+5.04% 14 Day Change
$0.0458 from $0.8617
+0.46% 30 Day Change
$0.0042 from $0.9033
All Time High
May 12, 2021
$4.07 -77.71%
-$3.16 vs. now
24H Change
19.53M USD +2.20%
256 BTC
Volume and Supply
Total Supply: 1.00B NEXO
1.00B NEXO Available100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
49.95 x BTC Supply = 50:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
5.50M NEXO traded over past 24 hours
0.55% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
NEXO AI Market Analysis
NEXO is currently priced at $0.892334, reflecting a slight decline of 0.5882% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.900218 and a low of $0.875606, indicating a stable short-term environment.
The volume over the last 24 hours stands at 10,335,552, corresponding to a market cap volume ratio of 1.16%. This level of trading activity suggests moderate interest, although it is not particularly high compared to other cryptocurrencies, indicating potential consolidation.
The short-term moving averages show a mixed trend; the 8, 13, and 21 SMAs are slightly positive, indicating potential upward momentum, while the 55 and 144 SMAs are negative, suggesting resistance at higher levels. This divergence could imply that while there is some bullish sentiment in the immediate term, longer-term trends remain under pressure.
The 1-hour RSI is at 61, indicating that NEXO is nearing overbought conditions, while the 7-day RSI is at 49, showing a more neutral stance. This suggests that the price could experience short-term fluctuations as it approaches resistance levels but has potential support in the mid-term.
NEXO has experienced a 3.45% increase over the past week and a 4.02% increase over the last two weeks, showing a positive trend in the short to medium term. However, the 30-day price change is negative at -1.02%, indicating that the asset has faced challenges in sustaining upward momentum over a longer period.
With an all-time high of $4.07, NEXO is currently trading at a significant discount, which may attract value investors looking for long-term potential. However, the current technical indicators point toward a cautious approach, with mixed signals and the potential for further consolidation.
Given the overall analysis, including recent price trends, technical indicators, and the broader market context, I recommend a Hold rating for NEXO. This stance allows investors to monitor for potential upward momentum while avoiding the risk of entering at current levels, given the mixed signals from moving averages and RSI metrics.
The volume over the last 24 hours stands at 10,335,552, corresponding to a market cap volume ratio of 1.16%. This level of trading activity suggests moderate interest, although it is not particularly high compared to other cryptocurrencies, indicating potential consolidation.
The short-term moving averages show a mixed trend; the 8, 13, and 21 SMAs are slightly positive, indicating potential upward momentum, while the 55 and 144 SMAs are negative, suggesting resistance at higher levels. This divergence could imply that while there is some bullish sentiment in the immediate term, longer-term trends remain under pressure.
The 1-hour RSI is at 61, indicating that NEXO is nearing overbought conditions, while the 7-day RSI is at 49, showing a more neutral stance. This suggests that the price could experience short-term fluctuations as it approaches resistance levels but has potential support in the mid-term.
NEXO has experienced a 3.45% increase over the past week and a 4.02% increase over the last two weeks, showing a positive trend in the short to medium term. However, the 30-day price change is negative at -1.02%, indicating that the asset has faced challenges in sustaining upward momentum over a longer period.
With an all-time high of $4.07, NEXO is currently trading at a significant discount, which may attract value investors looking for long-term potential. However, the current technical indicators point toward a cautious approach, with mixed signals and the potential for further consolidation.
Given the overall analysis, including recent price trends, technical indicators, and the broader market context, I recommend a Hold rating for NEXO. This stance allows investors to monitor for potential upward momentum while avoiding the risk of entering at current levels, given the mixed signals from moving averages and RSI metrics.
Updated 363 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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