NEXO NEXO
Current Price
$0.9017 +0.94%
$0.0348 Daily Range (3.86%)
$0.8841$0.9190
$9.08M Daily Volume
130 BTC
Vol/MktCap: 1.01%
Market Performance
0.02% Relative BTC Volume
The total volume of NEXO is $9.08M over the past 24 hours, compared to $39.20B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.8981 +0.40%
13 SMA $0.9042 -0.28%
21 SMA $0.9014 +0.03%
55 SMA $0.8990 +0.29%
144 SMA $0.8975 +0.47%
Price Performance
+0.92% 1 Hour Change
$0.9017 from $0.8934
+1.16% 7 Day Change
$0.0104 from $0.8912
-0.56% 14 Day Change
-$0.0050 from $0.9067
+12.10% 30 Day Change
$0.1091 from $0.7926
All Time High
May 12, 2021
$4.07 -77.97%
-$3.17 vs. now
24H Change
8.24M USD +0.92%
118 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
49.99 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
10.08M NEXO
traded over past 24 hours
1.01% 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 $0.892968, reflecting a slight 24-hour change of 0.31484%. The daily trading range has been tight, with a high of $0.918967 and a low of $0.884126, indicating a market that is somewhat consolidating around the current price level.
The volume stands at 8,676,081, which corresponds to a volume-to-market cap ratio of 0.97%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages indicate bearish momentum, with all key SMAs (8, 13, 21, 55, and 144) showing declines, particularly the 13 SMA at -1.24%.
Technical indicators reveal that the 1-hour RSI is at 31, signaling an oversold condition, while the 7-day RSI is neutral at 50. This divergence suggests short-term pressure but potential for a rebound if buying interest materializes.
On a broader scale, NEXO has experienced a price drop of approximately 0.26% over the last week and a more significant decline of 0.58% over the past 14 days. However, the 30-day price change shows a positive trend of 9.27%, indicating that the cryptocurrency has had stronger performance in the preceding month.
Given that NEXO is currently trading significantly below its all-time high of $4.07, set in May 2021, there is considerable room for recovery. The current market conditions, including oversold indicators and the recent positive monthly performance, suggest that while there are short-term challenges, the potential for a bullish reversal exists.
In summary, the technical and fundamental analysis suggests a cautious approach is warranted. Therefore, the rating for NEXO is a Hold, as the potential for short-term recovery exists, but immediate bearish trends and the broader market sentiment warrant monitoring before making any aggressive trading decisions.
The volume stands at 8,676,081, which corresponds to a volume-to-market cap ratio of 0.97%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages indicate bearish momentum, with all key SMAs (8, 13, 21, 55, and 144) showing declines, particularly the 13 SMA at -1.24%.
Technical indicators reveal that the 1-hour RSI is at 31, signaling an oversold condition, while the 7-day RSI is neutral at 50. This divergence suggests short-term pressure but potential for a rebound if buying interest materializes.
On a broader scale, NEXO has experienced a price drop of approximately 0.26% over the last week and a more significant decline of 0.58% over the past 14 days. However, the 30-day price change shows a positive trend of 9.27%, indicating that the cryptocurrency has had stronger performance in the preceding month.
Given that NEXO is currently trading significantly below its all-time high of $4.07, set in May 2021, there is considerable room for recovery. The current market conditions, including oversold indicators and the recent positive monthly performance, suggest that while there are short-term challenges, the potential for a bullish reversal exists.
In summary, the technical and fundamental analysis suggests a cautious approach is warranted. Therefore, the rating for NEXO is a Hold, as the potential for short-term recovery exists, but immediate bearish trends and the broader market sentiment warrant monitoring before making any aggressive trading decisions.
Updated 81 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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