Market Overview for Nexo (NEXOUSDT) on 2025-08-22

• Nexo (NEXOUSDT) opened at $1.276 and closed at $1.320, forming a strong bullish reversal pattern.
• A 15-minute MACD crossover and rising RSI confirm resurgent buying momentum.
• Volatility expanded by 32% as price surged to a 24-hour high of $1.332, with volume spiking to $1.08B.
• Key support at $1.278 and resistance at $1.325 were tested and confirmed during the session.
• Bollinger Bands showed contraction in the early hours followed by a sharp expansion during the bullish breakout.

Nexo (NEXOUSDT) opened at $1.276 at 12:00 ET-1 and closed at $1.320 by 12:00 ET on 2025-08-22. The pair traded between $1.263 and $1.332, with the 24-hour high at $1.332. Total volume amounted to 68881.41 USDT, and turnover reached $1.08 billion, indicating strong liquidity and participation.

Structure & Formations

Nexo displayed a strong bullish reversal structure from late evening into the morning hours, with a 15-minute engulfing pattern forming around 09:30 ET as the price surged from $1.285 to $1.299. Key support levels were identified at $1.278 and $1.263, both of which held during early sell-offs. A major resistance at $1.325 was briefly tested in the afternoon but confirmed by volume and price action. The 1-hour chart showed a clear ascending triangle pattern, with breakout confirmation at $1.320.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above the price in the early morning, signaling a bullish bias. By the end of the session, price was comfortably above both indicators, reinforcing short-term momentum. On the daily chart, NEXOUSDT closed above the 50-period SMA for the first time in several sessions, suggesting a potential shift in trend.

MACD & RSI

The 15-minute MACD crossed into positive territory just before 07:00 ET, with a strong bullish signal confirmed by the histogram’s expansion. RSI rose from 52 at session start to peak at 71 near the 14:30 ET high, indicating overbought conditions. While this may suggest a pullback is due, the RSI failed to show divergence from price action, meaning upward momentum could continue.

Bollinger Bands

Bollinger Bands showed a period of tight consolidation in the early hours, with price hovering near the middle band. This contracted volatility was followed by a sharp expansion beginning at 07:00 ET as the price surged past the upper band. By the end of the session, price remained near the upper band, signaling high volatility and strong buyer control.

Volume & Turnover

Volume and turnover surged in the final hours of the session, with a sharp increase in buying pressure during the 14:30–16:00 ET window. The largest 15-minute candle (at 14:30 ET) recorded $51.2 million in turnover and a high of $1.310. This volume spike confirmed the breakout above key resistance. No notable divergence between price and turnover was observed, suggesting that the rally is well-supported by institutional or large-cap liquidity.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low at $1.263 and the high at $1.332, the 61.8% level came in at $1.304, which was briefly tested in the afternoon before a sharp rally to $1.320. The 50% and 78.6% levels ($1.297 and $1.315) acted as minor supports and resistances, respectively. These levels may continue to play a role in the next 24 hours.

The bullish breakout on Tuesday is likely to carry forward into the next 24 hours, provided key resistance at $1.325 does not trigger profit-taking. However, a pullback to the 61.8% Fibonacci level at $1.304 could provide a re-entry opportunity for longs. Investors should monitor volume for signs of exhaustion and watch for any breakdown below the $1.292 support level, which could shift the bias to the downside.