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While the majority of digital currencies have only just started their recovery from yesterday’s price correction, Nexo (NEXO) seems to be doing a lot better than most. The coin has seen almost a 10% price increase compared to the USD. The coin’s growth against BTC is nearly as high, while its price has grown by 6.72% against BNB.

Nexo saw a relatively decent performance in 2020, but unfortunately, almost every price drop that happened this year took it right back to where it started.

In January 2020, Nexo started with a price of $0.1. This has been its largest support level, and it was only briefly broken once.

NEXO did not see too big of growth in early January, despite the fact that many other altcoins skyrocketed in this period. The growth did come in late January and early February, which allowed NEXO to more than double its price in around three weeks.

From January 26th until February 15th, NEXO went from $0.10 to $0.22, before the correction took place. The coin then spent the next two weeks dropping to $0.14. After that, it even saw another rapid surge to $0.20, but upon reaching this level, the mid-March price crash hit, and the coin sank to $0.085.

After the crash, NEXO quickly returned above $0.1. However, it did not progress too far from this support until mid-June, when it finally started surging again.

After displaying its capabilities in February, there was little hesitance from the investors’ side, and many rushed to buy NEXO, expecting it to hit $0.20 once more.

The coin did not disappoint, and it was back at this level by June 22nd. After a few weeks of holding it, the resistance cracked, and NEXO hit $0.23, making a new YTD high.

After that came another correction that took it slightly below $0.20, and another surge that took it back to $0.23.

However, in early August, the coin started dropping, and it kept going down until two days ago, August 26th. Then, a new surge started taking place, and it brought NEXO to its current price of $0.1583.

NEXO saw quite a few major fluctuations this year, even making several YTD highs along the way. However, in early August, a bearish wave brought it nearly to its bottom — a development from which the coin finally started to recover yesterday.

The post Nexo (NEXO) price goes beyond $0.15 after 10% surge appeared first on Invezz.

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