cryptocurrency

NEXO (NEXO) 2022 Price Prediction – Will NEXO Hit $5 Soon?

  • NEXO bullish price prediction is 1.117 US Dollars to US Dollars2.536.
  • NEXO will also be priced at $5 soon.
  • The bearish NEXO price prediction for 2022 is $0.550.

In the 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 Queen GekkoNEXO (NEXO) price is $0.972286 with a 24-hour trading volume of $7,098,784 at the time of writing. However, the level of NEXO has increased to 2.2% in the last 24 hours.

Furthermore, NEXO (NEXO) has a circulating supply of 560,000,010 NEXO. Currently, NEXO trades on cryptocurrency exchanges such as Binance, Deepcoin, BingX, Bybit, and MEXC.

What is Nexo (Nexo)?

N | exo is a blockchain-based lending platform that offers users instant loans backed by cryptocurrency. Nexo has a native token, NEXO, which when locked into the platform gives users benefits such as discounts on interest accrued on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo earnings. 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 customers who continue to use the platform and continue to invest in NEXO.

NEXO (NEXO) Price Forecast 2022

NEXO (NEXO) occupies the 86th position on CoinGecko at the moment. The NEXO price predictions for 2022 are explained below with a daily time frame.

NEXO/USDT Bullish Channel Pattern (Source: TradingView)

An ascending channel is defined as the price movement that exists between two upward sloping parallel lines. This price pattern is characterized by higher highs and lower lows. An uptrend channel is created by drawing a lower trend line connecting the swing lows and an upper channel line connecting the swing highs.

Price does not always remain fully formed within the parallel lines of a rising channel, but instead shows support and resistance areas that traders can use to set stop loss and profit targets. A breakout above an ascending channel may indicate a continuation of the uptrend, while a break below an ascending channel may indicate a change in trend.

Currently, the price for NEXO (NEXO) is $0.972,286. If the pattern continues, NEXO price could reach the $1,060 and $1.738 resistance levels. If the trend reverses, the price of NEXO could drop to $0.834, $0.701 and $0.572.

Support and Resistance Level NEXO (NEXO)

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

nexusUSDT Support and Resistance Level (Source: TradingView)

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

resistance level 1 $1,117
resistance level 2 $1,766
resistance level 3 2,536 dollars
Support level 1 $0.821
Support level 2 0.550 dollars
NEXO resistance and support level

The charts show that NEXO has performed an upward trend over the past month. If this trend continues, NEXO may work in tandem with the bulls breaking the resistance level at $2,536.

Accordingly, if investors turn against the cryptocurrency, the price of NEXO could drop to close to $0.550, which is a bearish sign.

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

The relative size (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 volume of traders. Currently, NEXO’s RVOL is below the cutoff line, indicating the weakness of participants in the current trend.

Moreover, the moving average (MA) of NEXO (NEXO) is shown in the above chart. Notably, the price of NEXO is above the 50 MA (short term), so it is quite in an uptrend. Currently, NEXO is in an uptrend. There is a possibility for NEXO to reverse at any time.

Meanwhile, the Relative Strength Index (RSI) for NEXO is at 61.22. This means that NEXO is almost overbought. However, this gives confidence to the traders to trade without any fear.

NEXO (NEXO) Price Forecast 2022 – ADX, RVI

Let’s now take a look at the NEXO (NEXO) Average Directional Indicator (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The chart above represents the ADX indicator for NEXO (NEXO). Currently, NEXO is in the 52.9321 range, so it indicates a strong trend.

From the chart above, the NEXO (NEXO) Relative Volatility Index (RVI). RVI measures the continuous skewness of price changes over a period of time rather than price changes. NEXO’s RVI is below 50, which indicates low volatility. In fact, the NEXO RSI is at 61.22, confirming a possible sell signal.

Comparison of NEXO, BTC and ETH

The chart below shows a 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 ETH, BTC, and NEXO are moving in a similar direction. This indicates that when the price of BTC increases or decreases, the price of ETH and NEXO increases or decreases, respectively.

NEXO (NEXO) Price Forecast 2023

If the price action’s decline completely slows down in momentum and the trend reverses, NEXO (NEXO) You’ll likely make $7 by 2023.

NEXO (NEXO) Price Forecast 2024

With several network upgrades, NEXO (NEXO) may enter an upward trajectory. If the coin grabs the attention of major investors, NEXO could rise to $11 by 2024.

NEXO (NEXO) Price Prediction 2025

If NEXO (NEXO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, NEXO will rise to $14.

NEXO (NEXO) Price Forecast 2026

If NEXO (NEXO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, NEXO will rise to $18.

NEXO (NEXO) Price Forecast 2027

If NEXO (NEXO) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, NEXO will rise to $22.

NEXO (NEXO) Price Forecast 2028

If NEXO (NEXO) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the price of NEXO will reach $26.

NEXO (NEXO) Price Forecast 2029

If investors flock and continue to place their bets on NEXO (NEXO), this will see huge spikes. NEXO could reach $31 by 2029.

NEXO (NEXO) Price Prediction 2030

With greater developments in the NEXO ecosystem, the crypto community may continue to invest in NEXO (NEXO) over the next eight years and drive the price of the token significantly higher. Thus, NEXO (NEXO) could reach $35 by 2030.

conclusion

With the continuous improvements in the NEXO network, we can say that 2022 is a good year for NEXO. Because of this, the bullish price forecast for NEXO (NEXO) in 2022 is $2,536. On the other hand, the bearish price forecast for NEXO (NEXO) for 2022 is $0.550.

Moreover, with the developments and improvements in the NEXO ecosystem, the performance of NEXO (NEXO) will rise to reach a new all-time high (ATH) at $4.07 very soon. But, it could also reach $5 if investors think NEXO is a good investment in 2022.

Instructions

1. What is NEXO (NEXO)?

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

2. Where can you buy NEXO (NEXO)?

NEXO (NEXO) is listed on several cryptocurrency exchanges including Binance, Deepcoin, BingX, Bybit, and MEXC.


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

With the continuous developments and updates within the NEXO platform, NEXO (NEXO) has a high potential to reach ATH soon.

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

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

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

NEXO (NEXO) appears to be one of the most profitable cryptocurrencies this year. According to NEXO’s recorded achievements in the past few months, NEXO is a good investment in 2022.

6. Can NEXO (NEXO) make $5?

NEXO (NEXO) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, NEXO (NEXO) will hit $5 soon.

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

The price of NEXO (NEXO) is expected to reach $7 by 2023.


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

The price of NEXO (NEXO) is expected to reach $11 by 2024.

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

The price of NEXO (NEXO) is expected to reach $14 by 2025.

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

The price of NEXO (NEXO) is expected to reach $18 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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