NEXO NEXO
Current Price
$0.9359 +4.20%
$0.0489 Daily Range (5.23%)
$0.8939$0.9428
$11.34M Daily Volume
129 BTC
Vol/MktCap: 1.21%
Market Performance
0.02% Relative BTC Volume
The total volume of NEXO is $11.34M over the past 24 hours, compared to $52.51B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.65% 1 Hour Change
$0.9359 from $0.9298
-2.45% 7 Day Change
-$0.0230 from $0.9588
-2.33% 14 Day Change
-$0.0218 from $0.9577
+2.61% 30 Day Change
$0.0244 from $0.9114
All Time High
May 12, 2021
$4.07 -76.99%
-$3.13 vs. now
24H Change
39.06M USD +4.35%
444 BTC
Volume and Supply
Total Supply: 1.00B NEXO 
1.00B NEXO AvailableRelative Supply Ratio
50.05 x BTC SupplyRelative Trade Volume
12.35M NEXO
traded over past 24 hours
Conversion Tool
NEXO AI Market Analysis
Volume has reached 13,517,543, which represents a volume-to-market cap ratio of 1.44%. This suggests that while trading activity is present, it is not yet indicative of significant market momentum, which often necessitates higher volume levels to validate price movements.
The short-term moving averages are trending positively, with the 8 SMA at $0.9010 reflecting a 3.91% increase, while the longer-term moving averages are showing weaker gains. The 55 SMA is at $0.9329, with a minimal increase of 0.36%, indicating that the price is approaching resistance levels.
The Relative Strength Index (RSI) is neutral at both 1 hour (51) and 7 days (50), suggesting that NEXO is neither overbought nor oversold at this time. However, the 7-day price change of -3.02% and the 14-day change of -2.21% indicate a bearish trend over the short term, while the 30-day price change of +3.55% suggests some recovery over the longer timeframe.
Given the current technical indicators and the lack of significant volume supporting the recent price action, the market sentiment appears cautious. Furthermore, the price is still substantially below its all-time high of $4.07 reached in May 2021, indicating that substantial resistance remains ahead.
In conclusion, considering the technical indicators, volume, and recent price trends, I recommend a Hold rating for NEXO at this time. While there may be potential for upward movement, the current lack of momentum and the bearish short-term trends suggest waiting for clearer signals before making further investment decisions.
Updated 730 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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