Zooming into the daily timeframe, price bounced aggressively from the \~$0.83-$0.85 region recently but is now facing its first real test again.
The 50 SMA around \~$0.88-$0.90 has acted as dynamic resistance, and price is currently trading just below it (hovering near $0.86 today).
Momentum is improving:
* MACD has flipped positive
* Buyers stepped in with strong reaction volume on the recent bounce
* Short-term structure is attempting higher lows
But the trend hasn’t fully shifted yet. Key levels:
* $0.84-$0.83 must hold to avoid retesting lower
* A clean break above $0.90 would open the door toward $0.96-$1.00
Right now this is a short-term consolidation under resistance - expansion only comes with reclaim. On top of the chart setup, Nexo's US relaunch a few days ago (with Bakkt for full compliance) feels like solid groundwork - finally back for US users with yield and credit lines without the old headaches. Their sponsorship game is ramping up too - title partner for the ATP 500 Dallas Open, Audi F1 team deal, Australian Open tie-in - which is giving the brand way more mainstream visibility. With all that plus the platform's steady growth, there's huge potential in the coming months if the market turns and adoption picks up.