• Bullish NEXO price prediction is $1.1776 to$2.4781.
  • NEXO (NEXO) price might also reach $3 soon.
  • Bearish NEXO price prediction for 2022 is $0.5523.

In NEXO (NEXO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about NEXO to analyze the future movement of the cryptocurrency. 

NEXO (NEXO) Current Market Status

According to CoinGecko, the price of NEXO (NEXO) is $0.326239 with a 24-hour trading volume of $5,345,864 at the time of writing. However, NEXO has increased by nearly 1.2% in the last 24 hours. 

Moreover, NEXO (NEXO) has a circulating supply of 560,000,010 NEXO. Currently, NEXO (NEXO) trades in cryptocurrency exchanges such as Binance, P2PB2B, MEXC, Digiflex, Huobi Global.

What is NEXO (NEXO)?

N|exo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Nexo has a native token, NEXO, that when locked in the platform grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo’s profits. Nexo is marketed to individual and institutional investors, cryptocurrency companies, exchanges, miners, and others who want liquidity from their assets. Nexo seeks to build a user base of clients that continue using the platform and remain invested in NEXO. 

NEXO (NEXO) Price Prediction 2022

NEXO (NEXO) holds the 86th position on CoinGecko right now. NEXO price prediction 2022 is explained below with a daily time frame.

NEXO/USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of NEXO (NEXO) laid out the Ascending  Channel Pattern. laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, NEXO (NEXO) is in the range of $0.8888. If the pattern continues, the price of NEXO  might reach the resistance levels of  $1.2359, $2.4056 . If the trend reverses, then the price of NEXO may fall to $0.8514 and 0.5568.

NEXO (NEXO) Support and Resistance Level

The chart below shows the support and resistance levels of NEXO (NEXO).

NEXO/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of NEXO (NEXO).

Resistance Level 1 $1.1776
Resistance Level 2 $1.6000
Resistance Level 3 $2.4781
Support Level 1  $0.8487
Support Level 2 0.5523
NEXO Resistance & Support Level

The charts show that NEXO (NEXO) has performed a bullish trend over the past month. If this trend continues, NEXO might run along with the bulls overtaking its resistance level at  $2.4781

Accordingly, if the investors turn against crypto, the price of NEXO (NEXO) might plummet to almost   0.5523 , a bearish signal.

NEXO (NEXO) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of NEXO (NEXO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of NEXO lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of NEXO (NEXO) is shown in the chart above. Notably,  NEXO (NEXO) price lies below 50 MA (short-term), so it is in a downtrend. Currently, NEXO has entered a bearish state. Therefore, there is a possibility of a reversal trend of NEXO at any time.

Meanwhile, the relative strength index (RSI) of the NEXO is 45.69. This means that NEXO (NEXO) is in an oversold state. However, this means a major price reversal of NEXO may occur in the upcoming days. So, traders need to trade carefully. 

NEXO (NEXO) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of NEXO (NEXO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of NEXO (NEXO). Currently, the ADX of NEXO lies in the range of 18.5317 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of NEXO (NEXO). RVI measures the constant deviation of price changes over a period of time. The RVI of NEXO lies below 50, indicating low volatility. In fact, the RSI of NEXO (NEXO) is at 45.69 thus confirming a potential buy signal.

Comparison of NEXO with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and NEXO (NEXO).

BTC Vs ETH Vs NEXO Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price changes of BTC, ETH  and NEXO are moving in a similar trend. This indicates that when the price of BTC and ETH  increases or decreases, the price of NEXO also increases or decreases respectively.

NEXO (NEXO) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  NEXO (NEXO) might probably attain $5 by 2023.

NEXO (NEXO) Price Prediction 2024

With several upgrades in the network, NEXO (NEXO) might enter a bullish trajectory. If the coin grabs the attention of major investors, NEXO might rally to hit $7 by 2024. 

NEXO (NEXO) Price Prediction 2025

If NEXO (NEXO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, NEXO would rally to hit $9.  

NEXO (NEXO) Price Prediction 2026

If NEXO (NEXO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, NEXO would rally to hit $11. 

NEXO (NEXO) Price Prediction 2027

If NEXO (NEXO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, NEXO would rally to hit $13. 

NEXO (NEXO) Price Prediction 2028

If NEXO (NEXO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, NEXO would hit $15.

NEXO (NEXO) Price Prediction 2029

If investors flock in and continue to place their bets on NEXO (NEXO), it would witness major spikes. NEXO might hit $17 by 2029.

NEXO (NEXO) Price Prediction 2030

With greater advancements in NEXO ecosystem, the crypto community might continue to invest in NEXO (NEXO) for the next 8 years and drive significant price rallies for the token. Hence, NEXO (NEXO) might hit $19 by 2030.

Conclusion

With continuous improvements in the NEXO network, we can say that 2022 is a good year for NEXO. For this reason, the bullish price prediction of NEXO (NEXO) in 2022 is $2.4781. On the other hand, the bearish price prediction of NEXO (NEXO) price prediction for 2022 is $0.5523.

Furthermore, with the advancements and upgrades to the NEXO ecosystem, the performance of NEXO would help to reach above its current all-time high (ATH) of $4.07 very soon. But, it might also reach $3 if the investors believe that NEXO is a good investment in 2022.

FAQ

1. What is NEXO (NEXO)?

Nexo is a blockchain based lending platform that offers users instant cryptocurrency-backed loans. 

2. Where can you purchase NEXO (NEXO)?

NEXO (NEXO) has been listed on many crypto exchanges which include  Binance, P2PB2B, MEXC, Digiflex, Huobi Global.


3. Will NEXO (NEXO) reach a new ATH soon?

With the ongoing developments and upgrades within NEXO platform, NEXO (NEXO) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of NEXO (NEXO)?

On May 12, 2020, NEXO (NEXO) reached its new all-time high (ATH) of $4.07.

5. Is NEXO (NEXO) a good investment in 2022?

NEXO (NEXO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of NEXO in the past few months, NEXO is considered a good investment in 2022.

6. Can NEXO (NEXO) reach $3?

NEXO (NEXO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then NEXO (NEXO) will hit $3 soon.

7. What will be NEXO (NEXO) price by 2023?

NEXO (NEXO) price is expected to reach $5 by 2023.


8. What will be NEXO (NEXO) price by 2024?

NEXO (NEXO) price is expected to reach $7 by 2024.

9. What will be NEXO (NEXO) price by 2025?

NEXO (NEXO) price is expected to reach $9 by 2025.

10. What will be NEXO (NEXO) price by 2026?

NEXO (NEXO) price is expected to reach $11 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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