NEXO is currently trading at $0.933812, reflecting a 24-hour decline of 1.72%. The price has fluctuated between a high of $0.961605 and a low of $0.931023 in the past day, indicating a daily range of 3.06%.

The trading volume stands at 6,989,429, with a volume-to-market cap ratio of 0.75%, suggesting moderate trading activity relative to its market capitalization. Short-term moving averages show a downward trend, with the 8 SMA at $0.9475 (-1.45%) and the 13 SMA at $0.9507 (-1.77%), indicating continued selling pressure.

The 1-hour RSI is at 35, indicating that NEXO is nearing oversold territory, while the 7-day RSI at 49 reflects a neutral stance. In the context of price changes, NEXO has decreased by 0.63% over the last week and 3.83% over the last 14 days, yet it has shown a positive price change of 3.99% over the last 30 days.

Considering NEXO's all-time high of $4.07 from May 2021, the current price shows significant depreciation, which may attract potential buyers looking for value. However, the recent downtrend and the bearish indicators from short-term moving averages warrant caution.

In conclusion, the combination of negative short-term momentum and neutral RSI levels suggests that while the price may be approaching a low point, it is not yet an ideal entry point. Thus, the recommendation for NEXO is to Hold, as the market sentiment remains bearish and further confirmation of a reversal is needed before considering a Buy.