NEXO is currently trading at $0.963253, reflecting a slight decline of 0.03054% over the last 24 hours. The price has fluctuated between a daily high of $0.972281 and a low of $0.956984, indicating a tight daily range of approximately 1.6%.

Trading volume stands at 6,560,920, representing 0.68% of the market cap, suggesting a moderate level of activity. The hourly moving averages indicate a bearish trend with the 8 SMA at $0.9651 down 0.19%, while the longer-term 144 SMA shows a more significant decline of 0.72% at $0.9702.

The 1-hour Relative Strength Index (RSI) is at 46, indicating that NEXO is approaching oversold territory, while the 7-day RSI at 50 suggests a neutral market sentiment. Over the past week, NEXO has experienced a price increase of approximately 2.11%, but the 30-day change shows a decline of about 1.86%, revealing a lack of momentum in the longer term.

NEXO's all-time high of $4.07 was reached on May 12, 2021, indicating significant potential upside from current levels. However, the recent price actions and moving averages suggest that the asset is currently in a corrective phase with resistance around $0.9702.

Given the moderate trading volume, neutral RSI readings, and mixed performance across different time frames, the outlook for NEXO remains uncertain. Therefore, the recommendation is to Hold, as it may present better buying opportunities if it consolidates further or shows signs of recovery above the $0.970 resistance.