Market Overview for Nexo/Tether (NEXOUSDT) on 2026-01-04

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 4, 2026 8:40 pm ET1min read
NEXO
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Aime RobotAime Summary

- NEXOUSDT traded between 0.942-0.953, with a morning bullish breakout followed by a pullback to 0.952.

- Mixed momentum indicators (RSI near 50, narrowing MACD) and a late-night volume spike signaled short-term interest.

- A bearish engulfing pattern and MACD divergence in the afternoon raised reversal risks amid 0.957 resistance tests.

- Fibonacci levels at 0.952 and 0.946 suggest potential consolidation or renewed testing of key ranges ahead.

Summary
• Price consolidated between 0.942 and 0.953 amid a bullish morning breakout followed by a pullback.
• Momentum shows mixed signals with RSI hovering near 50 and MACD narrowing.
• High volume driven by a late-night surge, suggesting renewed short-term interest.
• A potential bearish engulfing pattern formed in late afternoon, raising caution.
• Volatility expanded midday, with price testing the upper Bollinger Band before retreating.

Nexo/Tether (NEXOUSDT) opened at 0.940 on 2026-01-03 at 12:00 ET, reaching a high of 0.957 and a low of 0.940 before closing at 0.952 on 2026-01-04 at 12:00 ET. Total volume stood at 155,262.7 and turnover at 148,279.99.

Structure & Formations


The 24-hour period saw a sharp midday push to 0.957, with price consolidating afterward. A bearish engulfing pattern formed in the late afternoon as price closed below 0.952 after a morning high near 0.957. Support levels appear to have held at 0.942 and 0.946, with resistance near 0.952 and 0.953 showing mixed rejections.

Moving Averages


On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the morning, supporting the bullish breakout. However, the 50-period MA has since crossed back below the 20-period MA, suggesting potential bearish momentum ahead. The daily chart shows a longer-term bearish bias with the 50-period MA below the 200-period MA.

Momentum & Volatility



RSI oscillated around 50 throughout the day, with no strong overbought or oversold signals. MACD showed a bullish crossover in the morning, followed by a bearish divergence in the afternoon as price rose but momentum weakened. Volatility expanded during the midday move to 0.957, with price testing the upper Bollinger Band before retreating.

Volume & Turnover


Volume spiked significantly during the late-night and early morning hours, reaching 20,752.23 in a single 15-minute interval. Turnover confirmed this strength, rising to over 19,706.69 at that time. A divergence appears in the afternoon, as price rose to 0.957 on relatively lower volume, suggesting caution for further upward movement.

Fibonacci Retracements


Fibonacci retracement levels from the morning’s 0.940 to 0.957 high show 38.2% at 0.948 and 61.8% at 0.952. Price pulled back to 0.952, suggesting that area may act as a temporary equilibrium before either testing 0.957 again or retreating toward 0.946.

Bullish momentum appears to be waning as the afternoon bearish engulfing pattern and divergence in MACD suggest a potential reversal. Short-term traders may find opportunities near 0.952, but caution is warranted if volume fails to confirm further moves.

Looking ahead, the next 24 hours could see renewed testing of the 0.953–0.957 range or a pullback to 0.946 if momentum fails to hold. Investors should monitor volume closely for confirmation of any directional move.