The post NEXO Technical Analysis Feb 18 appeared on BitcoinEthereumNews.com.

NEXO is seeking critical balance at the $0.86 level: While RSI wanders in the neutral zone under daily downtrend pressure, MACD’s bull signals offer hope for short-term recovery, but Bitcoin’s bearish supertrend threatens the altcoin rally. Market Outlook and Current Situation NEXO has retreated to the $0.86 level with a 4.53% drop over the last 24 hours, maintaining a clear downtrend dominance on the daily timeframe. The price is stuck in the $0.85-$0.93 range over 24 hours, with volume remaining relatively low at $1.28 million; this indicates the market is in an indecisive consolidation phase. Holding above the short-term EMA20 ($0.85) signals a local recovery, but the overall trend structure is bearish, supported by multi-timeframe confluence with 11 strong levels (1D: 3 support/2 resistance, 3D: 1S/2R, 1W: 3S/2R). As Bitcoin experiences a slight decline (-0.02%) across the market, pressure on altcoins is increasing, while NEXO’s volatility remains limited. The Supertrend indicator’s bearish signal highlights the $1.07 resistance, and staying below this level suggests selling pressure may continue. Historically, NEXO has shown a tendency to break out with volume increases during similar consolidation periods, but the current low-volume environment is forcing traders to remain cautious. In this context, testing nearby supports is critically important for followers of NEXO Spot Analysis. In its current position, NEXO gives a bullish short-term signal above EMA20, but it is trapped below higher EMAs. Market sentiment is in the neutral-bearish range, and a trend reversal seems difficult without a volume increase. The delay in altcoin season is negatively affecting utility tokens like NEXO. Technical Analysis: Levels to Watch Support Zones The strongest support stands out at $0.8222 (score: 76/100); this level aligns with Fibonacci retracement from recent lows on the daily chart and combines 1D/1W supports in multi-timeframe confluence. If the price drops here, aggressive buying…

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Filed under: News - @ February 19, 2026 1:29 am