Based on today's classical pivot point (P1) with the value of $0.9762, Nexo has support levels of $0.9632, $0.9486, and the strongest at $0.9355. Similarly, Nexo resistance levels are at $0.9909, $1.00, and $1.02.
| # | Price | Strength |
|---|---|---|
| S1 | $0.9632 | |
| S2 | $0.9486 | |
| S3 | $0.9355 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.9909 | |
| R2 | $1.00 | |
| R3 | $1.02 |
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) | 76.72 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 68.47 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 34.49 | SELL |
| Awesome Oscillator (5, 34) | 0.03 | NEUTRAL |
| Momentum (10) | 0.03 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -31.53 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 51.21 | NEUTRAL |
| VWMA (10) | 0.97 | BUY |
| Hull Moving Average (9) | 0.97 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.95 | NEUTRAL |
Over the past 7 days, Nexo price was most positively correlated with the price of Pudgy Penguins (PENGU), Aave (AAVE), NEAR Protocol (NEAR), Optimism (OP) and Binance Coin (BNB) and most negatively correlated with the price of XDC Network (XDC), UNUS SED LEO (LEO), Bitcoin Cash (BCH), Midnight (NIGHT) and Litecoin (LTC).
| Name | Correlation |
|---|---|
| Pudgy Penguins | 0.678 |
| Aave | 0.673 |
| NEAR Protocol | 0.669 |
| Optimism | 0.666 |
| Binance Coin | 0.656 |
| Name | Correlation |
|---|---|
| XDC Network | -0.455 |
| UNUS SED LEO | -0.440 |
| Bitcoin Cash | -0.414 |
| Midnight | -0.327 |
| Litecoin | -0.304 |
Nexo price is positively correlated with the top 10 coins by market cap with a price of 0.449, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.422.
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.
