- NEXO Token price grows stagnantly in the uptrend due to the $3 resistance mark.
- The sudden rise in the selling pressure halts the uptrend that may soon result in a retracement.
- The pair of NEXO/BTC is trading at 0.00004678 BTC with an intraday move of +3.98%
NEXO Token price grows in a steep uptrend after making multiple bullish engulfing candlesticks, in the daily chart. The recent stagnation in buying pressure due to a sudden bearish attack on the entire crypto-verse failed to give a closing above the $3 mark.
Pivot point analysis has shown that the resistance levels of the Token are at $3.20, following $3.50. However, if the price drops below $2.6 sellers could face resistance at $2.33.
NEXO Token trades for $2.78 and has experienced a 2.95% fall in market capitalization within 24 hours. In addition, the intraday trading volume increased by 25% over the last day.
NEXO Token Price Soon .
Investors can soon see the price soon rise above the $3 mark if the uptrend sustains the volume growth. Traders can find entry opportunities at the breakout on the $3 mark.
The RSI indicator projects a recovery in underlying bullishness of NEXO token price as the slope recovers and reverses in the daily frame.
The MACD indicator displays the MACD and the signal line rising higher in the daily chart. Hence, the MACD indicates a bullish signal.
Conclusion: NEXO Token price indicates a rise in the underlying buying pressure with the recent long tailed candlestick. Hence, investors can expect the token price to touch the $3 mark shortly if the buying volume sustains.
Support – $2.6 or $2.3
Resistance – $3 and $3.20