NEXO is currently trading at $0.987883, with a 24-hour change of +2.91%. The price has fluctuated between a low of $0.949071 and a high of $0.994787 over the past day, indicating a daily range of approximately 4.57%.

The trading volume over the past 24 hours stands at 12,408,479, representing a volume-to-market cap ratio of 1.26%. Short-term moving averages reveal a slight bullish trend, with the 8 SMA at $0.9862 and the 13 SMA at $0.9871 both showing positive momentum.

The 1-hour RSI is at 64, suggesting that NEXO is nearing overbought conditions, while the 7-day RSI sits at 49, indicating a neutral momentum over a longer period. Despite a modest price increase over the last week (+3.32%), the asset has shown a significant decline of nearly 9.85% over the past month.

From a technical standpoint, the upward movement in shorter moving averages coupled with the recent price increase suggests a potential for continued bullish activity. However, the 30-day price change indicates longer-term weakness, which may temper immediate bullish expectations.

Given the current technical indicators and short-term positive trends, NEXO presents a mixed outlook. The asset's recent gains must be weighed against its longer-term decline and the potential for a pullback due to the elevated 1-hour RSI.

In conclusion, the recommendation for NEXO is to Hold. The asset exhibits short-term bullish behavior but is still subject to longer-term bearish trends that could lead to volatility. Monitoring for further confirmation of upward momentum is advised before making any decisive trading actions.