NEXO is currently priced at $0.993859, reflecting a slight decline of 0.20066% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $1.014 and a low of $0.983925, indicating limited volatility in the short term.

The trading volume stands at approximately 17,944,390, which constitutes 1.80% of the market cap, suggesting a moderate level of market interest. Moving averages are showing bearish trends, with the 55 SMA at $1.00 down 0.80% and the 144 SMA at $1.04 down 4.52%, indicating downward pressure on the price.

The 1-hour RSI is at 51, signaling a neutral momentum, while the 7-day RSI at 44 indicates potential bearish sentiment as it approaches oversold territory. Furthermore, the price has declined by 11.64% over the last week, 10% over the last two weeks, and 14.65% over the past month, reflecting a sustained downtrend.

Given that the all-time high was $4.07 in May 2021, the current price represents a significant decline, and the fundamentals do not yet indicate a strong recovery signal. The persistent downtrend in price alongside bearish moving averages suggests that the market sentiment remains cautious.

Based on this data analysis, the recommendation is to Hold NEXO. While the price is near key support levels, further confirmation of bullish momentum is required before considering a Buy position.