Home
News
- 1 The Nexo token price surged 0.16% in the past 24 hours and was at $0.837 at the time of writing.
- 2 The Nexo crypto price experienced profit booking in recent sessions after a short term surge.
Nexo is a Switzerland based company that provides a range of financial services for digital assets. It provides crypto backed loans, interest earning accounts etc. Nexo Pro is the company’s trading platform which allows both futures and spot trading, with limits stoploss, take profit and trailing stop losses.
It has over 6 Million users worldwide and supports over 60 cryptocurrencies as collateral or interest-bearing assets. It also has its own token, “NEXO” which offers various benefits to its holders, such as discounts, cash back and higher yields.
Nexo has won several awards and recognition for its innovative and convenient products, and has a venture arm that invests in promising crypto startups.
Nexo Crypto Price Technical Analysis
The Nexo price suffers a short term selloff after a bullish surge. The price is declining gradually forming lower highs and lower lows. Moreover, the price still persists in a strong bullish long term trend.
The price may take a bounce back from the 50-day EMA which may act as a dynamic support and halt the further decline. Also, the price performance shows that the Nexo crypto has added over 14.08% in the past one month and has gained over 44.6% in the past three months.
The technical indicators EMAs imply a bullish outlook in the long term. The daily chart shows a golden crossover of the 50-day and 200 day EMAs indicating strength over the chart. Also, the RSI line shows a bearish cross of the SMA line.
RSI line has returned back from an oversold region after the recent selloff and currently hovers above the mean line indicating strength.
Nexo Price Prediction 2023
The price prediction for 2023 showcases a neutral to bullish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 13.03%. the price could advance to a high of $0.947 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $0.7570.
Nexo Price Prediction 2024
As per our analysts, the most optimistic target that the Nexo token may achieve is $1.7666; suggesting an upside potential of 110.48% from the CMP. The average analyst price target to be attained is $1.439 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $1.156.
Nexo Price Prediction 2025
According to the most optimistic analysts’ projections, the NEXO price could reach up to $2.907 in the next three years as its highest value. The price may surpass $2.539 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $1.933.
Nexo Price Prediction 2026
The price analysis for the year 2026 shows that the NEXO cryptocurrency may achieve $3.641 as the highest price. The bearish view of the analysts expects the price to reach a low of $2.554 by 2026.
Nexo Price Prediction 2027
The most bullish analysts foresee a potential value of $5.134 by the year 2027. A minimum price target that the NEXO crypto may achieve by 2027 is $3.686.
Nexo Price Prediction 2028
The price forecast of the Nexo crypto shows that it may reach a high of $7.139 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for Nexo is $4.932.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
