According to CoinEdition, Nexo (NEXO) remains capped by clustered EMA and Fibonacci resistance, weakening upside momentum. Spot flow shifts show mixed demand, with recent mild inflows failing to change the bearish bias. Holding $0.9300 is crucial, as a breakdown could accelerate losses toward $0.8588. Nexo continues to struggle for directional strength as market activity leans toward sellers and broader sentiment weakens. The token remains unable to break above several critical resistance zones, while inflow and outflow data signal persistent volatility across the year. Price action is still tracking below major moving averages, which keeps bearish conditions intact. The latest move reflects a market trying to recover, yet significant hurdles limit any meaningful upside.
Nexo (NEXO) Price Struggles Despite Mild Accumulation Signals
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