$NEXO currently trades at 1.248 USDT, situated within a range as its price hovers near the support level of 1.232 USDT and resistance at 1.291 USDT. With an RSI of 47.47, momentum is neutral, suggesting a potential range-bound play. Traders might consider entering on a bounce at the support level. However, risks loom from Bitcoin’s volatility and macroeconomic shifts that could sway investor sentiment unexpectedly.

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