$NEXO NEXO/USDT: Oversold and Ignored – Time to Buy or Avoid?
NEXO is crawling at **$1.272 (+0.32%)** with pitiful **$1.3M** volume, looking like a forgotten token. The RSI(6) at **23.60** screams oversold – but is anyone paying attention?
**Why The Neglect?**
- CeFi tokens out of favor in DeFi summer
- "NEXO" now means "Nobody EXactly Owning this"
- MACD negative (**-0.002**) despite cheap price
**Critical Levels:**
- **Support:** $1.260 (24h low) – lose this and $1.24 is next
- **Resistance:** $1.283 (MA7) – must reclaim for recovery
**Technical Check:**
- Price below all key MAs (7/25/99-day)
- **1M NEXO** traded shows zero interest
- Those dates (2005?) suggest chart glitch – extra caution!
**Prediction:**
Could dead-cat bounce to **$1.277**, but needs volume. More likely to languish.
**How To Trade:**
- **Value Hunters:** Tiny buys at $1.26 with stops at $1.25
- **Smart Money:** Wait for RSI >30 + volume spike
- **Avoid:** Heavy positions until $1.283 breaks
Trade microscopic or ignore – this one's going nowhere fast!
