Nexo tests $0.7620 support as bearish trend outweighs RSI rebound

As of November 2, 2026, NEXO trades at $0.7620 on Binance , leaving the Nexo price at daily S1 while short-term momentum offers only tentative relief. The main scenario remains bearish : the daily trend is aligned lower, and improving intraday readings have not translated into a recovery of nearby resistance. Key takeaways NEXO trades at $0.7620 on Binance , testing daily S1 support. The hourly pivot at $0.7617 is the line between a tentative hold and renewed downside. The nearest resistance is the hourly EMA20 at $0.7655, followed by hourly R1 at $0.7663. Daily RSI sits at 32.3 and is rising, but it is not yet oversold. Price stays below the daily EMA20 at $0.8028, keeping the broader trend bearish. The distinction matters here.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Cryptonomist.