$NEXO /USDT Market Update – 📈 +3.99%
📌 Current Price: $1.146
📌 24H High: $1.163
📌 24H Low: $1.092
📌 24H Volume: 1.61M NEXO / 1.82M USDT
📊 Technical Analysis
✅ Support Levels:
$1.139 - $1.131 → Immediate support
$1.092 → Strong support
🚀 Resistance Levels:
$1.163 → Short-term resistance
$1.180+ → Potential breakout zone
📉 Indicators & Trend Analysis
🔹 RSI: Approaching overbought zone, but still room for upside
🔹 MACD: Bullish momentum increasing
🔹 Bollinger Bands: Price near the upper band, may see slight pullback or continuation
📈 Trading Strategy
📌 Bearish Scenario: If NEXO falls below $1.139, it may retest $1.131 - $1.092.
📌 Bullish Scenario: A break above $1.163 could push the price toward $1.18 - $1.20.
⚠️ Risk Management:
🔹 Stop-loss: Below $1.131
🔹 Take profit: $1.163 - $1.18+
🔍 Final Thoughts
NEXO is trending bullish but needs to break $1.163 for a stronger rally. If volume supports, $1.18 - $1.20+ could be the next target.