- NEXO has been retesting the $1.01 area consistently and strengthening the upper limit, which indicates a possible breakout point around $1.06.
- The support level of $0.9404 was still alive as it had soaked in the buying interest and held the market pegged up against key areas of demand.
- The BTC and the ETH pairs increased by 1.9 and 3.2 percent, respectively, indicating the overall alignment of the market and justifying a short-term rise in the bullish trend.
NEXO began to move once again in the previous session as the token neared a significant resistance level at $1.01. It has experienced a 0.2 percent light 24-hour rise in price that brings it to trade at $0.9669. This change occurred after several consecutive intraday recoveries that continued holding the market at the level of support at $0.9404. The chart also displayed a clear concentration of interest around $1.06, which many traders watched as a potential breakout trigger.
This setup formed during a period of tight trading activity, and the narrow structure helped define the boundaries that guided market behavior. These boundaries shaped the session’s direction and helped outline the levels that remained active on the chart.
Price Consolidation Shapes Clear Path Between Supply and Demand Zones
Trading behavior continued to cluster beneath the $1.01 resistance zone, and the token revisited this area several times. Each return added structure to the upper boundary, and the consistent tests kept attention on the short-term ceiling. Moreover, the move aligned with the broader four-hour pattern, which showed a steady rise after recent lows.
This alignment produced a cleaner view of active zones and reinforced the importance of the $1.01 level as the day progressed. Additionally, the current structure positioned the price between dense supply areas above and a wide band of demand below, creating a defined path for movement.
However, activity around the support remained important because it showed repeated engagement during earlier pullbacks. This engagement kept the lower boundary stable and enabled the ongoing move toward the upper band. The market held these conditions throughout the session, and the consistency helped outline the next potential areas for reaction.
Support Zones Steady as NEXO Eyes Potential Upside
The $0.9404 support level stayed active and showed several interactions during the previous trading windows. These interactions helped maintain stability as the price approached the upper regions. Furthermore, the visible demand zone below support signaled areas where buying interest previously emerged. This zone created a buffer that helped shape the intraday trend and kept the market from slipping into deeper ranges.
Notably, the structure maintained a steady rhythm as the token continued to trade between the upper and lower boundaries. This rhythm set the stage for potential movement toward $1.06 if the resistance at $1.01 cleared. Each move toward the upper range added clarity to the chart’s short-term flow, and the price behavior remained consistent with earlier sessions.
Subtle Gains Reinforce NEXO’s Key Support and Resistance Levels
NEXO’s BTC pair rose 1.9 percent, and the ETH pair gained 3.2 percent, which reflected similar movement across both metrics. These increases supported the broader activity seen on the main chart. Additionally, the pattern of repeated tests near $1.01 highlighted an area that continued to absorb significant attention.
As the session progressed, the structure remained confined within familiar bands. This confinement helped define the market’s developing trend and kept focus on how the token behaved around its established support and resistance levels.
