NEXO NEXO
Current Price
$0.8999 +0.01%
$0.0215 Daily Range (2.39%)
$0.8864$0.9079
$9.81M Daily Volume
117 BTC
Vol/MktCap: 1.09%
Market Performance
0.01% Relative BTC Volume
The total volume of NEXO is $9.81M over the past 24 hours, compared to $74.70B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.9031 -0.35%
13 SMA $0.9012 -0.15%
21 SMA $0.8987 +0.13%
55 SMA $0.9164 -1.80%
144 SMA $0.9279 -3.02%
Price Performance
-0.06% 1 Hour Change
$0.8999 from $0.9004
-4.51% 7 Day Change
-$0.0406 from $0.9405
-9.67% 14 Day Change
-$0.0870 from $0.9869
+2.04% 30 Day Change
$0.0183 from $0.8816
All Time High
May 12, 2021
$4.07 -77.88%
-$3.17 vs. now
24H Change
-3.50M USD -0.39%
-42 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
50.04 x BTC Supply50:1 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
10.93M NEXO
traded over past 24 hours
1.09% 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 trading at $0.9043, reflecting a slight 24-hour decrease of 0.20%. The asset has experienced a daily range between $0.8864 and $0.9109, suggesting a relatively stable trading environment with limited volatility.
The trading volume over the past 24 hours stands at approximately 9,988,605, indicating a healthy interest from traders. The volume-to-market cap ratio is at 1.10%, which is typical for assets experiencing low to moderate trading activity.
Short-term moving averages show a positive trend, with the 8 SMA at $0.8993 (+0.56%) and the 13 SMA at $0.8975 (+0.76%). However, longer-term averages like the 55 SMA at $0.9220 (-1.92%) and the 144 SMA at $0.9298 (-2.75%) indicate a bearish sentiment over more extended periods.
The 1-hour Relative Strength Index (RSI) is at 58, suggesting that NEXO is nearing overbought territory in the short term. Conversely, the 7-day RSI at 46 points to potential bearish momentum, as it remains below the neutral 50 mark, aligning with the 7-day price change of -4.91%.
NEXO's performance over the last 14 days shows a significant decline of -9.28%, while the 30-day change indicates a minor recovery of 2.99%. This pattern suggests that NEXO might be in a consolidation phase after a more considerable downturn.
Given the substantial distance from its all-time high of $4.07, reached in May 2021, the current price reflects a significant devaluation and suggests a lack of bullish momentum. The mixed indicators from both short-term and long-term moving averages, along with RSI readings, imply that traders should exercise caution.
In conclusion, the analysis indicates a Hold rating for NEXO at this price level. While there are some short-term positive signals, the longer-term trend remains bearish, and without a clear catalyst for upward movement, holding is the most prudent strategy at this time.
The trading volume over the past 24 hours stands at approximately 9,988,605, indicating a healthy interest from traders. The volume-to-market cap ratio is at 1.10%, which is typical for assets experiencing low to moderate trading activity.
Short-term moving averages show a positive trend, with the 8 SMA at $0.8993 (+0.56%) and the 13 SMA at $0.8975 (+0.76%). However, longer-term averages like the 55 SMA at $0.9220 (-1.92%) and the 144 SMA at $0.9298 (-2.75%) indicate a bearish sentiment over more extended periods.
The 1-hour Relative Strength Index (RSI) is at 58, suggesting that NEXO is nearing overbought territory in the short term. Conversely, the 7-day RSI at 46 points to potential bearish momentum, as it remains below the neutral 50 mark, aligning with the 7-day price change of -4.91%.
NEXO's performance over the last 14 days shows a significant decline of -9.28%, while the 30-day change indicates a minor recovery of 2.99%. This pattern suggests that NEXO might be in a consolidation phase after a more considerable downturn.
Given the substantial distance from its all-time high of $4.07, reached in May 2021, the current price reflects a significant devaluation and suggests a lack of bullish momentum. The mixed indicators from both short-term and long-term moving averages, along with RSI readings, imply that traders should exercise caution.
In conclusion, the analysis indicates a Hold rating for NEXO at this price level. While there are some short-term positive signals, the longer-term trend remains bearish, and without a clear catalyst for upward movement, holding is the most prudent strategy at this time.
Updated 205 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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