NEXO(nexo)market reviews and price predictions
NEXO market statement for 2023-05-31
Yesterday the price of nexo stood at $0.68. The market capitalization of the asset was $385 260 867. NEXO’s volatility was established at 2.62%. The trading volume of the coin reached $3 470 775.
NEXO prognosis for the next days:
We estimate the price of NEXO to be $0.67 tomorrow 2023-06-02 and $0.67 on 2023-06-08;
We estimate the market capitalization of NEXO to reach $374 269 217 tomorrow 2023-06-02 and $378 014 123 on 2023-06-04;
We estimate the volatility of NEXO to become 0.96% tomorrow 2023-06-02 and 1.5% on 2023-06-04;
We estimate the trading volume of NEXO to amount to $3 100 101 tomorrow 2023-06-02 and $3 101 675 on 2023-06-04.
Our recommendation for the pair NEXO/USD for tomorrow, 2023-06-02, to sell.
NEXO sees limited 3% gains between May 25 and May 31 as the market cools down.
The behavior of NEXO last week was characterized by the occurrence of upswings. The volatility associated with the NEXO market was low, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.
NEXO market stayed flat from May 22 - May 28.
NEXO portrayed neutral behavior last week, with no changes in the price. The volatility of NEXO has been low throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
NEXO retraces by 1% in the period May 3 - May 9 as the market turns slightly bearish.
NEXO has been last week as its price has been predominantly falling. The situation on the NEXO market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
NEXO market stayed flat from May 2 - May 8.
NEXO portrayed neutral behavior last week, with no changes in the price. NEXO has been going through a period of low volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Last week’s (May 1 - May 7) irresolute NEXO : the price moved up no more than 2%.
The analysis of last week’s price action shows that the NEXO market is in the phase since the price has been moving upward. The situation on the NEXO market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.
NEXO retraces by 1% in the period April 29 - May 5 as the market turns slightly bearish.
Between April 29 - May 5, NEXO has been mostly as its price has been in the falling mode. NEXO has been going through a period of low volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
April 27 - May 3 market wrap: NEXO had a slight 4% drop.
The downward movement of the NEXO price last week indicates the chosen market is. The volatility of NEXO has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
NEXO slid down by 4% last week (April 27 - May 3) as the sellers pushed back.
The downward movement of the NEXO price last week indicates the chosen market is. The volatility of NEXO has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
April 26 - May 2 price action review: NEXO goes down by 8%.
The price of NEXO was falling last from April 26 until May 2, giving enough reason to conclude that the market is. The situation on the NEXO market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Buyers weakened their grip on the NEXO market (April 25 - May 1) as the price rose only by 4%.
The price of NEXO was rising last from April 25 until May 1, giving enough reason to conclude that the market is. The volatility of NEXO has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.