Investing in or trading crypto assets comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. List of Nexo (NEXO) exchanges with real-time price comparison where you can buy, sell or trade NEXO for other currencies and crypto coins. It serves as the platforms utility token. This is a good opportunities for the traders who short the market as Zeno may decrease even further in the upcoming intraday trading session. The NEXO token, which is an ERC-20 token built on the Ethereum blockchain, plays a vital role in the NEXO ecosystem. Nexo is in bearish trend after reaching its primary resistance of $0.8689.Sellers has taken over the market and decrease in volume also suggests that sellers are coming in majority.RSI and MACD shows negative crossover which verifies the curent breaish trend. The MACD and MACD signals are insecting and showing a negative crossover over the intraday trading session which verifies the RSI indicator and it also strengthen the current brearish trend. This indicates that there is a large amont of selling happening which causing the bearish trend. The current value of RSI is 39.42 which is below of average RSI value of 54.50. RSI has shown a negative crossover and is in the oversold zone which indicates that sellers are coming in majority and trying to take over the market. It means that there is good amount of selling happening in the market in the token and since it has happened for 3 consecutive sessions, it is interpretive of very strong negative sentiment. On the chart we can see three black crows candlestick pattern which indicates that the bears have continuously managed to keep the price falling in the market. We saw that after decreasing near the end of 2022 and making its 52-week low it took a turn and started rising since the start of 2023 like the other cryptocurrencies. 30 minutes ago &0183 &32 Basic Attention Token Price Index (BTX) Bitcoin Cash Price Index (BCX). We can see that Nexo after touching its primary resistance of $0.8689 has been decreasing. The current price of Nexo was around $0.7393 with a decrease of 3.60% during the intraday trading session. The current price of Nexo is below 20, 50, 100, and 200-days EMA.The 24-hour low of NEXO was $0.7294 and the 24-hour high of NEXO was $0.773.Nexo was currently at $0.7393 with a decrease of 3.60% during the intraday trading session."It shows a very strong interest from Wall Street banks to adopt crypto assets as a new type of alternative assets. “This was also a positive week for the crypto-lending space, as Goldman Sachs announced executed the first fiat loan” backed by bitcoin (BTC), Jódar said. “This partnership puts Nexo a step closer to becoming a crypto bank to help retail clients access the digital space,” Jódar said. The credit card company unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets, and offers customers 2% cash back on their transactions. Date Day of the week 1 NEXO to GBP 24hr Changes Change Thursday £0.522944 -£0.00196225 -0. Compare the price & changes of NEXO in GBP for the week. Convert NEXO (NEXO) to British Pound Sterling (GBP). Pablo Jódar, financial products manager at Storm Partners, a systems provider for the cryptocurrency space in Europe, said Nexo got a positive tailwind from the recent partnership announcement with Mastercard (MA). Convert NEXO (NEXO) to British Pound Sterling (GBP). The token's market capitalization is $1.3 billion. Nexo has since retreated to trade at around $2.33, but is still up 6% over the last 24 hours. The token increased by nearly 60% in the space of a few hours after Binance's listing went live earlier Friday. The token peaked at $3.64, just 13% off its all-time high in February. The NEXO token gives platform users different advantages, such as better rates for lending and borrowing. The promoter of cryptocurrencies dubbed TruthGPT Coin and Elon Musk AI Token is being issued cease-and-desist orders from several state regulators, including Texas, seeking to crack down on scams. NEXO, the token of the Nexo crypto lending protocol that offers credit cards and loans to retail users, surged over the last 24 hours after one of the world’s largest exchanges, Binance, listed the token. At its current price of 0.66, per CoinGecko, NEXO is up around 2 on the week, though it has fallen by a third from its price of 1 at the start of November and has slipped over 83 from its all-time high of 4.07 recorded in May 2021.
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