NEXO currently trades at $1.019, experiencing a 24-hour decline of 6.63%. The daily price range has been between $0.99211 and $1.093, indicating a volatile trading session with a volume of over 21.7 million, contributing to a market cap volume ratio of 2.13%.

Technical indicators show bearish momentum, with all significant moving averages (SMA) trading above the current price, suggesting downward pressure. The 1-hour RSI at 32 indicates oversold conditions, while the 7-day RSI at 46 signals a lack of bullish strength in the short term.

Over the past week, NEXO has lost approximately 4.33%, with more pronounced declines of 8.90% over the last 14 days and 15.11% in the last month. These sustained downward movements further confirm bearish sentiment, exacerbated by the fact that the price is significantly below its all-time high of $4.07 reached in May 2021.

Given the current technical setup, NEXO's price is struggling to regain support levels, with critical resistance around $1.05 and $1.08. In this context, the lack of bullish momentum coupled with deteriorating price action suggests a continuation of the downtrend.

Overall, the analysis indicates a "Sell" rating for NEXO. The significant price declines, negative momentum across multiple time frames, and lack of buying interest reinforce the decision to exit positions until a clearer bullish reversal signal emerges.