NEXO pushing back up into 0.84 after holding 0.80 support... target set on 0.88

Quick update on the NEXО chart since we last looked at that cooling phase. We got that expected bounce right off the 0.80 support zone we were watching, and price managed to climb back up around 0.84. For me, it looks like that local dip down to 0.80 caught plenty of buyers who were waiting on the sidelines for a lower entry.

Looking at the higher timeframes, the weekly bounce off the mid-Bollinger Band held up nicely, with MACD staying comfortably above zero. That shows us the broader macro structure hasn't really broken down despite the market chop we saw earlier this month.

Zooming in on the daily chart, things are looking even better. We managed to reclaim both the 50-day and 200-day SMAs around 0.825 to 0.83, turning that entire zone back into strong dynamic support. At the same time, daily RSI is building back toward 60 with steady momentum, showing that buyers are gradually stepping back in without overextending the chart just yet.

Immediate support is now sitting right in that 0.82 – 0.83 pocket, with 0.80 remaining as our main structural floor underneath. On the upside, resistance is sitting around 0.85 – 0.86. If we get a solid daily close above that range, 0.88 is the next clean target on the chart before we start talking about testing local highs again.