NEXO is currently trading at $0.884521, reflecting a 1.54% decline over the last 24 hours. The daily price range indicates low volatility, with a high of $0.907949 and a low of $0.884393, suggesting market indecision.

The trading volume stands at approximately 9.31 million, translating to 1.05% of the market cap, which is relatively low. The short-term moving averages indicate a bearish trend, with all key moving averages (8, 13, 21, and 55 SMA) showing negative percentages, particularly the 55 SMA at -2.90%.

The 1-hour RSI is currently at 27, indicating an oversold condition in the very short term. In contrast, the 7-day RSI at 45 points to a neutral position, while the price changes over the past week and 14 days show declines of 5.49% and 10.64%, respectively, indicating ongoing bearish sentiment.

NEXO's all-time high was $4.07 on May 12, 2021, highlighting the significant distance from current levels. The recent price performance and technical indicators, particularly the bearish moving averages and low RSI, suggest that the market is still facing downward pressure.

Given the current technical landscape, with consistent declines and oversold conditions, the recommendation is to Hold. There is potential for a short-term recovery if buying interest returns, but the overall trend remains bearish, indicating caution is warranted before making any buying decisions.