Nexo Jumps 7% After US Market Comeback—Wall Street Still Won’t Admit It Was Wrong

Crypto lender Nexo storms back into the US with a 7% price surge—because nothing says ’regulatory clarity’ like a rebound after getting kicked out.

Active verbs only? Try ’defies,’ ’rebounds,’ and ’taunts’ as Nexo flips the script on its American exile. The platform’s return sparks fresh capital inflows while traditional finance scrambles to explain why they called it dead.

Bonus jab: Bankers still waiting for their ’blockchain, not Bitcoin’ moment can keep waiting—Nexo just ate their lunch. Again.

A Comeback Story After Regulatory Battles

Nexo’s price momentum gained serious traction after the company announced its return to the United States, a move that comes nearly two years after it exited the market over regulatory uncertainties.

This reentry was highlighted by an event featuring Donald Trump Jr., who praised cryptocurrency as “the future of finance” and stressed the importance of regulatory clarity for the industry to flourish.

"We see the opportunity for the financial sector and want to ensure we bring that back to the U.S.," said Donald Trump Jr.

"America is back – and so is Nexo," said Trenchev. pic.twitter.com/KO0dHXYuQ8

— Nexo (@Nexo) April 28, 2025

Trump Jr.’s endorsement of a crypto-friendly regulatory environment resonated strongly with investors, especially amid a broader market hungry for bullish narratives.

In 2022, Nexo was forced to withdraw from the US after a series of regulatory confrontations, including a $45 million settlement with the Securities and Exchange Commission (SEC) regarding its Earn Interest Product.

The California Department of Financial Protection and Innovation filed a cease and desist order against Nexo’s interest-earning program, deeming it an unqualified security.

Following these setbacks, Nexo discontinued its controversial interest-bearing services for US customers and scaled down its American operations.

NEXO Price Analysis and Targets

As per the daily chart below, the Moving Average Convergence Divergence (MACD) indicator has made a bullish crossover, with the MACD line crossing above the signal line.

The Relative Strength Index (RSI) is currently at 68.14, approaching the overbought territory (70+). While this shows strong buying pressure, it also hints that the asset could soon face some selling pressure or a cooldown.

NEXO Daily Chart | Source: TradingView

As per the Fibonacci levels, the immediate support is seen NEAR $1.12 (aligned with previous consolidation and Fibonacci 0.236 level). Meanwhile, a strong resistance appears near the $1.24–$1.25 zone (Fib 1 level), which coincides with today’s high.

Nexo Rises 7% as It Reenters the US Market