Nexo Price Holds $0.83 as Whale Accumulation and Volume Cools

• Nexo whales defended the $0.83 level as the YoY whale count surged 122.58% in February.
• March data confirmed the holding trend, with whale count still up 47.62% after recovery.
• Cooling volume signaled easing selling pressure and echoed earlier rebound setups.

The analytical platform CryptoQuant data showed heavy whale accumulation in Nexo during the first quarter of 2026. The strongest move came in February, when the token fell to $0.83. That level drew aggressive buying from large holders.

The platform tracked the trend through its Whale Count Year-Over-Year Change Percentage metric. Its review covered January, February, and March. The readings pointed to strong support forming around one price zone.

Source: CryptoQuant

Nexo Whales Build Strong $0.83 Support

During January, NEXO traded at an average price near $0.94. Over that period, the YoY whale count rose by 55.17%. That increase showed that large holders were already building positions before the steeper decline.

February became the key month in the quarter. As the average price slipped to the local bottom of $0.83, the YoY whale count change jumped to 122.58%. CryptoQuant said the spike reflected strong accumulation at that floor.

That reaction made $0.83 an important demand zone for Nexo whales. Buying activity at that level showed strong conviction from larger entities. The move also created a firmer base for the token’s mid-term structure.

March then tested whether those positions would hold. The average price moved back to $0.89 during the month. Even with that rebound, the YoY whale count still posted 47.62% growth.

Such a reading suggested that whales did not rush to exit after the recovery. Instead, the data showed continued support from major holders. That kept the $0.83 area in focus as the clearest support level in the quarter.

How Cooling Volume Points to a Shift in Nexo Trend

However, analyst Darkfost said NEXO has entered a cooling volume phase. In his view, the corrective trend is losing momentum as sellers become less aggressive.

Darkfost said volume analysis helps measure the strength of a trend. Strong activity can reflect fast capital inflows and investor FOMO. Lower engagement can show fading pressure and slower market participation.

Source: CryptoQuant

In this case, the cooling phase suggested that the downside force was easing. NEXO remains in correction territory, but the selling side appears less active. That setup has also appeared before in the token’s recent history.

One similar case emerged in May 2023, when NEXO traded near $0.60. After that phase, the token rallied about 150% toward $1.50. The move later ended when volume entered an overheated phase.

Another example appeared in September 2023. That period came before a rally of around 65%. Both cases showed that cooling volume had previously appeared before meaningful upside.

Even so, Darkfost said the current backdrop is different from 2023. Macro and geopolitical tensions continue to weigh on sentiment. 

Further confirmation is still needed, according to the analyst. A gradual return in buying volume would strengthen the setup. Clearer recovery in price momentum would also improve the picture.

However, NEXO has declined by more than 14% in 2026. As of press time, the token is trading near $0.89. Over the past 24 hours, it has been down around 2.4%.

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