Can NEXO Reach a New Yearly High? | Credit: Hameem Sarwar
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Key Takeaways
NEXO broke out from diagonal and horizontal resistances.
The price has traded inside a long-term range for over a year.
Can NEXO finally move outside the range and reach new highs?
NEXO has spent over a year bouncing within a familiar range, consistently moving between its upper and lower boundaries.
The latest rally kicked off in April, and now the price is inching closer to the top of that range at $1.55.
With momentum building, the question is: Can NEXO finally break out of this long-standing range, or will the $1.55 ceiling hold strong again?
Let’s take a closer look.
NEXO Price Analysis
After a sharp drop in June 2022, NEXO found its footing around the $0.60 level, where it began forming a new trading range.
Although it dipped to a fresh all-time low in October 2023, that level ended up acting as a launchpad, sparking a 200% rally over the next few months.
That recovery helped establish a new horizontal range between $1.05 and $1.55, one that still defines NEXO’s price action today.
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Since then, NEXO has repeatedly bounced between those boundaries, occasionally spiking above or below but always snapping back inside, leaving behind long wicks on the chart (highlighted with green icons).
The most recent bounce happened in April 2025, kicking off the rally that’s still in play.
With NEXO trading above the midpoint of its range, a retest of the $1.55 resistance seems increasingly likely.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
