The post NEXO Technical Analysis Feb 22 appeared on BitcoinEthereumNews.com.

While RSI on NEXO shows a neutral balance at the 50.38 level, the MACD’s positive histogram indicates short-term momentum recovery; however, the overall downtrend and low volume require volume confirmation for upward movements. Trend Status and Momentum Analysis NEXO is currently trading at the 0.86 dollar level and is stuck in a daily range of 0.83-0.93 dollars with a 6.38% decline over the last 24 hours. The overall trend continues downward, with the Supertrend indicator giving a bearish signal and highlighting the 1.06 dollar resistance. From a momentum perspective, there are mixed signals: the price positioning above the short-term EMA20 (0.86 dollars) provides a bullish short-term bias, but remaining below medium- and long-term EMAs indicates weak trend strength. Volume is low around 906 thousand dollars, signaling that momentum changes may not be reliable without volume confirmation. In the confluence of momentum oscillators, RSI is neutral, MACD is slightly positive, but the overall MTF (multi-timeframe) confluence shows concentration at 10 strong levels for support and resistance: 2 supports/3 resistances on 1D, 2S/1R on 3D, 3S/2R on 1W. This structure confirms dominant downward pressure despite short-term recovery attempts. If the price fails to break the 0.8788 resistance (score 83/100), the 0.8286 support (82/100) becomes critical. RSI Indicator: Buy or Sell? RSI Divergence Analysis RSI(14) is currently positioned in the neutral zone at 50.38, giving neither overbought nor oversold signals. No regular bearish divergence is observed on the daily chart; while the price fell to recent lows at 0.83 dollars, RSI held around 45 without dropping below the 40s, creating a mild bullish divergence impression, though it remains weak in a low-volume environment. On the weekly timeframe, a hidden bullish divergence is forming: as the price makes lower highs, RSI draws higher highs, which may indicate declining momentum strength within the trend. However,…

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Filed under: News - @ February 22, 2026 10:20 pm