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Summary
• NEXOUSDT tested key support near 0.965, rebounding with a bullish engulfing pattern.
• RSI signaled oversold conditions, suggesting short-term buying interest.
• Volatility expanded through Bollinger Bands as volume surged past $90M.
• Price closed near 0.969, consolidating within 50-period moving average resistance.
• 20-period MA crossed below 50-period MA, hinting at potential bearish momentum.
Nexo/Tether (NEXOUSDT) opened at 0.99 on 2025-12-13 12:00 ET, reached a high of 0.988, touched a low of 0.956, and closed at 0.961 by 12:00 ET on 2025-12-14. Total 24-hour volume reached approximately 357,226.61 and turnover was roughly $335.9 million.
Structure & Formations
Price tested key support near 0.965 in the early hours and formed a bullish engulfing pattern as the price reversed higher. A doji appeared near 0.97, indicating indecision. The 24-hour candle closed lower than the open, forming a bearish trend.
Moving Averages
On the 5-minute chart, the 20-period moving average crossed below the 50-period MA, signaling potential bearish momentum.

MACD & RSI
MACD showed a bearish crossover early in the session but reversed into positive territory after a rebound. RSI dipped into oversold territory (below 30) around 0.964, suggesting short-term buying interest, though bearish pressure remains.
Bollinger Bands
Volatility expanded significantly as the price moved beyond the upper and lower Bollinger Bands during the sharp decline to 0.956. The current price of 0.961 is near the mid-band, suggesting potential consolidation ahead.
Volume & Turnover
Volume spiked to over 49k during the early morning decline, coinciding with a sharp drop in price. Turnover remained strong despite the bearish move, indicating conviction among sellers. A divergence between volume and price appears during the consolidation phase.
Fibonacci Retracements
Fibonacci levels from the 0.99–0.956 move highlighted key retracement levels at 0.97 (38.2%), 0.964 (61.8%), and 0.96 (100%). Price has stalled near the 61.8% level, suggesting a potential bounce or continuation of the bearish trend. .
Price may continue to consolidate within the 0.96–0.97 range in the coming 24 hours, with a break below 0.964 potentially signaling further bearish movement. Investors should remain cautious of increasing volatility and potential short-term reversals.
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