NEXO NEXO
Current Price
$0.8969 +0.65%
$0.0278 Daily Range (3.10%)
$0.8912$0.9190
$6.86M Daily Volume
98 BTC
Vol/MktCap: 0.76%
Market Performance
0.01% Relative BTC Volume
The total volume of NEXO is $6.86M over the past 24 hours, compared to $56.93B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.23% 1 Hour Change
$0.8969 from $0.8949
+4.21% 7 Day Change
$0.0378 from $0.8591
+9.70% 14 Day Change
$0.0870 from $0.8099
+10.44% 30 Day Change
$0.0937 from $0.8033
All Time High
May 12, 2021
$4.07 -77.95%
-$3.17 vs. now
24H Change
6.08M USD +0.68%
87 BTC
Volume and Supply
Total Supply: 1.00B NEXO 
1.00B NEXO AvailableRelative Supply Ratio
50.00 x BTC SupplyRelative Trade Volume
7.58M NEXO
traded over past 24 hours
Conversion Tool
NEXO AI Market Analysis
The volume of 6,695,975 suggests a solid trading activity but remains at 0.74% of market capitalization, which points to lower liquidity. Technical indicators show mixed signals; while the 8 and 13-hour Simple Moving Averages (SMA) are declining, the 55 and 144-hour SMAs exhibit bullish momentum with increases of 1.31% and 2.15% respectively.
The 1-hour Relative Strength Index (RSI) is at 47, indicating a neutral stance, while the 7-day RSI at 51 suggests a slight upward trend in the medium term. Over the last 30 days, NEXO has appreciated by approximately 11.8%, demonstrating resilience despite recent market fluctuations.
Despite the positive price movements over the past two weeks and a reasonable trading volume, the overall market sentiment appears cautious. Given that the current price is significantly below its all-time high of $4.07, upside potential exists, but short-term technical indicators are not strongly bullish.
In conclusion, the mixed signals from moving averages, alongside a neutral RSI, suggest that NEXO may continue to trade sideways in the near term. Therefore, a Hold rating is appropriate as investors may benefit from potential upward momentum without incurring significant risk at this stage.
Updated 55 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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