Based on today's classical pivot point (P1) with the value of $0.9928, Nexo has support levels of $0.9818, $0.9662, and the strongest at $0.9552. Similarly, Nexo resistance levels are at $1.01, $1.02, and $1.03.
| # | Price | Strength |
|---|---|---|
| S1 | $0.9818 | |
| S2 | $0.9662 | |
| S3 | $0.9552 |
| # | Price | Strength |
|---|---|---|
| R1 | $1.01 | |
| R2 | $1.02 | |
| R3 | $1.03 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 58.46 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 77.39 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 30.86 | BUY |
| Awesome Oscillator (5, 34) | -0.05 | NEUTRAL |
| Momentum (10) | 0.06 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -22.61 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 53.98 | NEUTRAL |
| VWMA (10) | 0.98 | BUY |
| Hull Moving Average (9) | 0.96 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.01 | NEUTRAL |
Over the past 7 days, Nexo price was most positively correlated with the price of Cronos (CRO), Immutable X (IMX), Kaia (KAIA), Algorand (ALGO) and PancakeSwap (CAKE) and most negatively correlated with the price of JUST (JST), Quant (QNT), UNUS SED LEO (LEO), Merlin Chain (MERL) and Monero (XMR).
| Name | Correlation |
|---|---|
| Cronos | 0.865 |
| Immutable X | 0.864 |
| Kaia | 0.862 |
| Algorand | 0.849 |
| PancakeSwap | 0.848 |
| Name | Correlation |
|---|---|
| JUST | -0.713 |
| Quant | -0.458 |
| UNUS SED LEO | -0.410 |
| Merlin Chain | -0.377 |
| Monero | -0.150 |
Nexo price is positively correlated with the top 10 coins by market cap with a price of 0.703, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.630.
Currencies that are positively correlated with Nexo indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Nexo, a move in one direction for Nexo would translate into a move in the opposite direction for the negatively correlated coin.
