NEXO is currently trading at $0.846021, reflecting a 24-hour change of -2.17%. The price has seen a daily range between a high of $0.873113 and a low of $0.837338, indicating a tight trading range with a volatility of 0.035775%.

Trading volume over the past 24 hours stands at approximately 9.69 million, resulting in a volume-to-market cap ratio of 1.14%. The hourly moving averages show a slight bearish trend, with the 8 SMA at $0.8465 and the 55 SMA at $0.8597, suggesting short-term weakness as price hovers near recent lows.

The 1-hour RSI is at 41, indicating that NEXO is approaching oversold territory, but it has not yet reached levels that would suggest a strong buying opportunity. The 7-day RSI at 46 supports this view, showing a mild bearish sentiment while the price has decreased by 4.74% over the last week.

Looking at longer-term trends, NEXO has experienced a 14-day price change of -0.40% and a more significant decline of 10.76% over the past 30 days. The substantial drop from its all-time high of $4.07 in May 2021 further emphasizes the prolonged bearish sentiment surrounding the asset.

Given the current data, NEXO's technical indicators and recent price action suggest a lack of momentum to drive prices higher in the immediate term. Therefore, the rating for NEXO is a Hold, as potential buyers may want to wait for clearer signs of bullish reversal or stabilization before entering a position.