Nexo (NEXO) is the native token of the Nexo crypto-lending and financial platform, offering features like crypto-backed loans, interest earnings, and loyalty rewards tied to token holding.
Recent price action shows a decline from recent levels, with about 20% lower vs a week ago and trading around **৳90–৳91 BDT ($0.75–0.78)**, reflecting weak sentiment and broader market pressure.
Regulatory headwinds — including a $500K fine in California — have tempered short-term optimism and weighed on sentiment.
Institutional flows and product enhancements (zero-interest loans, UI/UX improvements) support longer-term ecosystem engagement.
Technical charts show broken support levels and oversold signals, suggesting potential volatility ahead before clear trend reversal.
Traders watch key levels and macro drivers — especially Bitcoin’s trend — for signs of renewed strength or further downside.
@Nexo $NEXO #NEXOToken #nexo