NEXO NEXO
Current Price
$0.9897 +0.26%
$0.0229 Daily Range (2.32%)
$0.9734$0.9963
$11.47M Daily Volume
124 BTC
Vol/MktCap: 1.16%
Market Performance
0.01% Relative BTC Volume
The total volume of NEXO is $11.47M over the past 24 hours, compared to $87.40B total Bitcoin volume.
Hourly Moving Average
Price Performance
+0.31% 1 Hour Change
$0.9897 from $0.9866
+1.65% 7 Day Change
$0.0163 from $0.9734
+3.20% 14 Day Change
$0.0317 from $0.9580
-11.26% 30 Day Change
-$0.1114 from $1.10
All Time High
May 12, 2021
$4.07 -75.65%
-$3.08 vs. now
24H Change
6.27M USD +0.64%
68 BTC
Volume and Supply
Total Supply: 1.00B NEXO 
1.00B NEXO AvailableRelative Supply Ratio
50.11 x BTC SupplyRelative Trade Volume
11.64M NEXO
traded over past 24 hours
Conversion Tool
NEXO AI Market Analysis
The volume of 12,089,714 corresponds to a low 1.22% of the market cap, suggesting limited liquidity in the market. The hourly moving averages show bullish momentum, with the 8 SMA at $0.9870 and a gain of 1.08%, while longer-term averages like the 55 SMA reflect a robust 4.18% increase.
The 1-hour RSI is at 56, indicating that NEXO is currently in neutral territory but leaning towards bullish momentum. Conversely, the 7-day RSI remains at 50, suggesting a lack of strong directional movement over the past week, while the 30-day price change shows a significant decline of approximately 9.70%.
Despite the recent upward trend, the significant drop over the past month poses concerns for sustained growth. The historical context shows an all-time high of $4.07 in May 2021, highlighting the current price's relative weakness and potential for further recovery.
Given the current technical indicators and the recent price action, NEXO appears to be in a corrective phase with potential for short-term gains. However, the lack of substantial volume and the overall bearish trend from the 30-day perspective suggest caution.
In conclusion, a **Hold** rating is appropriate for NEXO at this time. While there is potential for short-term upward movement, the underlying bearish trend over the last month and low trading volume raise concerns about the sustainability of this rally.
Updated 81 minutes ago.
NEXO Relative Price at Market Cap of:
NEXO TradingView Chart
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