Nexus Technical Analysis: NXS Sellers Are in Charge Below $0.16

Table of contents

  1. Past Performance of Nexus
  2. Nexus Technical Analysis
  3. What to Expect from NXS coin?

Nexus crypto prices are steady in a consolidation. Even so, the NXS token is under pressure if it trades below May 11 highs.

Past Performance of Nexus

From the NXS technical analysis, the primary trend remains southwards despite recent gains. Nexus token prices are up three percent versus the USDT and BTC at spot rates. However, the NXS token is up a massive 13 percent against ETH. The immediate resistance lies at $0.16, while support is at $0.13.

Nexus Technical Analysis

Nexus NXS Daily Chart for June 11

The Nexus token is trading within a $0.03 trade range, reading from the formation in the daily chart. Even though there are hints of gains, the general trend is bearish. Bulls have failed to confirm gains of early this week as prices trend within the wide-ranging bear bars of May 11 and 12. Technically, this places the NXS crypto under bears. Accordingly, sellers may unload on every attempt to retest $0.18. A high volume drive above the $0.16 level and later May 11 highs would mark a turnaround for NXS coin prices. At present, losses below $0.13 and last week’s lows may see further losses toward $0.10 in a bear trend continuation pattern.

What to Expect from NXS coin?

NXS token prices are consolidating below $0.18 and $0.16. If sellers force the Nexus crypto price below last week’s lows, it could tank to May 2022 lows.

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