Nexo/Tether Breaks Key Resistance as Late-Session Volume Surges

Summary
• Price tested key resistance at 0.885–0.890 before a late-day break above.
• Momentum accelerated with rising volume and MACD turning bullish.
• Bollinger Band expansion confirmed increased volatility after 15:00 ET.
• Volume surged in final 4.5 hours, with 0.9–0.905 as new contested zone.
• 61.8% Fibonacci retracement of 0.875–0.909 lies at 0.892, near current consolidation.

Nexo/Tether traded between 0.872 and 0.909 over the past 24 hours, opening at 0.873 (12:00 ET − 1) and closing at 0.893 (12:00 ET today). Total volume reached 996,847.08 and turnover hit $843,154.76, driven by late-session bullish pressure.

The candlestick structure showed a strong recovery from 0.875–0.877 into a bullish reversal on the 5-minute chart, confirmed by a bullish engulfing pattern at 0.877–0.882. The 50-period moving average on the 5-minute chart crossed above the 20-period line, signaling strengthening short-term momentum.

MACD turned positive with a bullish crossover and expanded divergence between the line and price in the final hours. RSI climbed above 50 and remained in overbought territory after the late break above 0.900. Bollinger Bands widened sharply between 14:30 and 16:00 ET, with price testing the upper band at 0.903–0.905 before consolidating.

Volume was concentrated in the final 4.5 hours, with turnover increasing sharply after 14:30 ET as price broke above 0.900. The 61.8% Fibonacci retracement of the key swing from 0.875 to 0.909 lies at 0.892, currently aligning with price consolidation.

Looking ahead, a test of 0.905–0.909 may attract sellers, while a sustained close above 0.910 could trigger further buying. A pullback to 0.885–0.890 is likely if 0.905 fails to hold, with risks rising on any sharp divergence between price and volume.