The Spot Taker CVD (90-day) indicator shows continued buy-side dominance in the NEXO spot market recently. The indicator has remained in positive territory, with readings reflecting a clear advantage for buyers over sellers. This coincides with the coin trading near $0.91, while liquidity is gradually improving compared to previous periods.

The Spot Taker CVD measures the cumulative difference between the volume of buy orders executed at market price and sell orders over a specific period, in this case, 90 days. When the indicator remains in positive territory, it means that buying pressure in the spot market consistently outweighs selling pressure, which is generally considered a supportive signal for upward momentum.

The data shows that the indicator has maintained a relatively stable positive structure in recent months, consistently registering readings within the “Taker Buy Dominant” range, indicating genuine and sustained demand for the coin. The indicator’s stability at these levels also reflects improved trader confidence and a gradual return of activity to the NEXO market, particularly with the rise in spot trading volumes compared to previous periods of relative calm.

continued buy-side dominance in market flows could support the current trend or contribute to gradual upward momentum if liquidity continues to flow into the market. However, any sudden shift in the indicator toward negative territory could be an early indication of weakening demand or the start of short-term profit-taking.

Written by Arab Chain