$NEXO /USDT Price is trading near 0.827 after a sharp rejection from the 0.89 zone. The drop was fast and clean, showing strong sell pressure rather than slow distribution. That matters. Fast moves often lead to technical reactions.
The 0.818 level acted as an intraday low and immediate demand stepped in. Buyers did not disappear. They waited. That bounce tells us this zone is being defended.
Structure-wise, price has moved from range into expansion. The previous consolidation around 0.87–0.88 is now clear resistance. Any recovery will first need to reclaim that area with strength.
As long as 0.818 holds, a short-term relief move toward 0.85–0.87 remains possible. A clean break below 0.818 would open the door to deeper continuation.