Nexo (NEXO)
1. Fundamental Analysis
1.1 Introduce
Nexo is a blockchain-based lending protocol that offers banking services for retail users (e.g. lending, borrowing, trading, credit cards, etc.). Users can deposit their crypto assets on the Nexo platform for various benefits such as generating interest payments, and depositing collateral for loans. The NEXO token is used for governance and platform benefits, as well as to receive interest payments.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | NEXO | Market Cap | 1297100000 |
| Name | Nexo | White Paper | -- |
| Web Site | https://nexo.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2018-05-01 |
| Available Supply | 1000000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 1.3008 | 1.3139 | 1.2961 | 1.2961 | 625.295179 |
| 2024-12-31 | 1.2713 | 1.3175 | 1.2529 | 1.2965 | 3299.418001 |
| 2024-12-30 | 1.3379 | 1.3651 | 1.2636 | 1.2637 | 1908.435924 |
| 2024-12-29 | 1.341 | 1.3565 | 1.3251 | 1.3408 | 1295.028334 |
| 2024-12-28 | 1.332 | 1.355 | 1.3209 | 1.3334 | 2522.046529 |
| 2024-12-27 | 1.3178 | 1.3717 | 1.3175 | 1.3409 | 1013.891206 |
| 2024-12-26 | 1.3817 | 1.3817 | 1.3175 | 1.3177 | 19351.711601 |
| 2024-12-25 | 1.3974 | 1.4008 | 1.3701 | 1.3784 | 5690.157602 |
| 2024-12-24 | 1.3562 | 1.4105 | 1.3416 | 1.3995 | 6363.231649 |
| 2024-12-23 | 1.3155 | 1.3662 | 1.2983 | 1.3613 | 8327.664803 |
| 2024-12-22 | 1.3256 | 1.3613 | 1.3056 | 1.3248 | 12505.348811 |
| 2024-12-21 | 1.3769 | 1.4141 | 1.3252 | 1.3306 | 2727.879078 |
| 2024-12-20 | 1.351 | 1.4033 | 1.2146 | 1.3823 | 15041.286897 |
| 2024-12-19 | 1.3765 | 1.4099 | 1.295 | 1.3562 | 11425.076736 |
| 2024-12-18 | 1.4744 | 1.4744 | 1.37 | 1.37 | 4000.556486 |
| 2024-12-17 | 1.4745 | 1.5012 | 1.4552 | 1.4689 | 5450.433388 |
| 2024-12-16 | 1.4914 | 1.5028 | 1.4615 | 1.4736 | 4157.237525 |
| 2024-12-15 | 1.4799 | 1.4975 | 1.4508 | 1.4975 | 4783.892127 |
| 2024-12-14 | 1.4857 | 1.5028 | 1.4413 | 1.4778 | 3764.978857 |
| 2024-12-13 | 1.4971 | 1.5085 | 1.4709 | 1.4914 | 19400.992495 |
| 2024-12-12 | 1.4854 | 1.5243 | 1.4641 | 1.497 | 8497.56222 |
| 2024-12-11 | 1.4301 | 1.525 | 1.4088 | 1.4857 | 8326.555099 |
| 2024-12-10 | 1.3822 | 1.4982 | 1.3357 | 1.43 | 12395.622584 |
| 2024-12-09 | 1.52 | 1.567 | 1.3 | 1.3901 | 23929.594515 |
| 2024-12-08 | 1.52 | 1.5249 | 1.475 | 1.5143 | 33173.543587 |
| 2024-12-07 | 1.54 | 1.5481 | 1.5028 | 1.5258 | 44322.226357 |
| 2024-12-06 | 1.4509 | 1.5604 | 1.4509 | 1.5415 | 19246.095436 |
| 2024-12-05 | 1.5059 | 1.5449 | 1.4293 | 1.4523 | 8897.248099 |
| 2024-12-04 | 1.4692 | 1.5373 | 1.4601 | 1.5059 | 9010.499714 |
| 2024-12-03 | 1.4521 | 1.4974 | 1.4115 | 1.4743 | 3148.875747 |
2.2 Analysis
The recent price action shows a strong upward trend from December 10th, culminating in a peak around December 9th and 8th. However, a significant sell-off followed, indicating potential resistance levels. The subsequent price movements suggest consolidation and a possible retest of support levels before a potential resumption of the upward trend, but with reduced momentum compared to the initial surge. Volatility remains high, warranting close monitoring of volume and price action for confirmation of any directional changes. The overall outlook remains cautiously optimistic, but a short-term correction is highly probable. Sustained trading above 1.45 would signal a renewed bullish sentiment; conversely, a break below 1.30 would suggest a more bearish scenario.
