NEXO NEXO
Current Price
$0.8292 -6.43%
$0.0730 Daily Range (8.80%)
$0.8132$0.8862
$18.69M Daily Volume
239 BTC
Vol/MktCap: 2.25%
Market Performance
0.02% Relative BTC Volume
The total volume of NEXO is $18.69M over the past 24 hours, compared to $83.56B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.8337 -0.54%
13 SMA $0.8303 -0.13%
21 SMA $0.8468 -2.08%
55 SMA $0.8781 -5.57%
144 SMA $0.9148 -9.36%
Price Performance
+0.60% 1 Hour Change
$0.8292 from $0.8243
-11.51% 7 Day Change
-$0.0954 from $0.9246
-16.24% 14 Day Change
-$0.1346 from $0.9638
-8.00% 30 Day Change
-$0.0663 from $0.8955
All Time High
May 12, 2021
$4.07 -79.62%
-$3.24 vs. now
24H Change
-55.10M USD -6.23%
-704 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
21.99M NEXO
traded over past 24 hours
2.20% 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 $0.821864, reflecting a significant 24-hour decline of 9.03%. The daily price action has seen a high of $0.905146 and a low of $0.813167, indicating a narrow trading range of just under 9% within this period.
The volume of $15,695,028 corresponds to a volume-to-market cap ratio of 1.91%, suggesting relatively low trading activity compared to market capitalization. Moving averages show consistent bearish trends across various time frames, with the 8 SMA at $0.8669 indicating a 5.19% decline and the longer-term 144 SMA at $0.9210 reflecting a 10.76% drop, reinforcing the downward momentum.
Momentum indicators reveal a stark contrast, with the 1-hour RSI plummeting to 8, suggesting extreme oversold conditions. Meanwhile, the 7-day RSI at 44 indicates a neutral stance, but the price changes over the past week (-13.43%), two weeks (-17.16%), and month (-8.59%) highlight a persistent bearish trend.
NEXO's all-time high remains significantly distant at $4.07, achieved in May 2021, which underscores the current price's vulnerability and the potential for further downside. Given the prevailing bearish sentiment, the technical indicators, and the lack of strong buying pressure, the outlook for NEXO remains cautious.
Based on the analysis, the current rating for NEXO is Sell. The combination of declining prices, weak volume, and oversold conditions suggests potential for further declines before any sustainable recovery can be anticipated.
The volume of $15,695,028 corresponds to a volume-to-market cap ratio of 1.91%, suggesting relatively low trading activity compared to market capitalization. Moving averages show consistent bearish trends across various time frames, with the 8 SMA at $0.8669 indicating a 5.19% decline and the longer-term 144 SMA at $0.9210 reflecting a 10.76% drop, reinforcing the downward momentum.
Momentum indicators reveal a stark contrast, with the 1-hour RSI plummeting to 8, suggesting extreme oversold conditions. Meanwhile, the 7-day RSI at 44 indicates a neutral stance, but the price changes over the past week (-13.43%), two weeks (-17.16%), and month (-8.59%) highlight a persistent bearish trend.
NEXO's all-time high remains significantly distant at $4.07, achieved in May 2021, which underscores the current price's vulnerability and the potential for further downside. Given the prevailing bearish sentiment, the technical indicators, and the lack of strong buying pressure, the outlook for NEXO remains cautious.
Based on the analysis, the current rating for NEXO is Sell. The combination of declining prices, weak volume, and oversold conditions suggests potential for further declines before any sustainable recovery can be anticipated.
Updated 640 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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