$NEX (Nexus) Technical Analysis
โ ๏ธ Downtrend Still Active, But Oversold Bounce Possible
๐ Chart Structure
After a strong launch rally to 0.00000703, NEX has been making lower highs and lower lows.
Volume continues to decline, showing reduced buying interest.
Price is currently testing a key support zone around 0.0000033โ0.0000034.
๐ฏ Key Levels
Immediate Support: 0.0000033
Major Support: 0.0000030
Resistance: 0.0000037
Strong Resistance: 0.0000048
๐ What to Watch
RSI near 20 suggests sellers may be exhausted in the short term.
A break above 0.0000037 could trigger a relief rally toward 0.0000045โ0.0000048.
Losing 0.0000033 support could open the door to another leg down.
๐ Outlook NEX remains bearish on the 4H timeframe, but the oversold RSI indicates a potential short-term rebound. Bulls need to reclaim 0.0000037 to signal a trend reversal. Until then, the trend favors caution and consolidation.