NEXO is currently trading at $0.944581, reflecting a 1.32% increase over the past 24 hours. The price has seen a daily range of $0.022646, with a high of $0.951037 and a low of $0.928391, indicating moderate volatility.

Trading volume stands at 9,345,989, which is relatively low compared to its market cap, resulting in a volume/market cap ratio of 0.99%. The hourly moving averages suggest a bullish sentiment in the short term, with the 8 SMA at $0.9363 showing an increase of 0.88%, while longer-term averages like the 144 SMA are slightly bearish at $0.9478, down 0.34%.

The 1-hour RSI is at 48, suggesting a neutral momentum, while the 7-day RSI of 45 indicates a slightly oversold condition. The recent price changes reveal a -4.71% decline over the past week and a -4.16% drop over the last 14 days, contrasting with a positive 4.07% change over the last month.

Considering the historical context, NEXO's all-time high of $4.07, reached on May 12, 2021, highlights significant potential upside. However, the current price is significantly below this peak, indicating that the asset has not regained bullish momentum in the longer term.

In conclusion, while the recent price action shows some short-term recovery, the overall trend remains bearish with recent losses. Given the current technical indicators and recent price history, a Hold rating is warranted as traders should await clearer bullish signals or a recovery in volume before considering a Buy.