$NEXO /BTC on the 1-hour chart shows a compelling technical setup as the price stabilizes after a sharp rally. Following a strong upward move that peaked near the 0.00001166 level, $NEXO has entered a healthy consolidation phase, holding firm above its key local support. The price action indicates that buyers are absorbing the selling pressure around the 0.00001143 level, forming a stable baseline for the next potential leg up. If this support cluster holds, a breakout above recent resistance could quickly trigger renewed bullish momentum.

First target 0.00001166

Second target 0.00001200

Third target 0.00001250

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NEXO

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