Where XCN Stands Right Now
Onyxcoin is trading at around $0.00894 at the moment, down about 2.16% over the past 24 hours. That’s not exactly the kind of move that inspires confidence, and the technical picture backs up what the price action is telling us: sellers are in control. XCN is sitting well below its 20-day, 50-day, and 200-day moving averages—a classic sign that the broader trend is bearish. The Relative Strength Index has dipped into oversold territory, which usually suggests the coin has been beaten down pretty hard in the short term. Meanwhile, the MACD indicator is stuck in negative territory, confirming that buyers haven’t shown up in any meaningful way yet.
Support and Resistance Levels to Watch
If you’re watching XCN, there are a few key price zones that matter. On the downside, support is holding near $0.00480, with another layer just above that around $0.00550. If those levels break, we could see the price drift lower into the $0.004 to $0.005 range. On the upside, resistance starts around $0.00716—that’s where the Ichimoku Kijun line sits—and then there’s more overhead pressure from the 50-day and 200-day moving averages between $0.0090 and $0.0100. To flip the script and start looking bullish, XCN would need to push through those resistance zones with real conviction.
Short-Term Outlook
Over the next week or two, XCN will probably trade in a range between $0.00480 and $0.00560. That $0.00560 resistance level is likely to get tested, but breaking through it without a surge in volume or positive news will be tough. If the price slips below $0.00480, things could get uglier fast, with potential drops toward $0.00400 or even lower.
Mid-Term Possibilities
Looking out over the next one to three months, the bearish tone is likely to persist unless XCN can break above $0.0071 and then clear the $0.0090 to $0.0100 zone. If that happens—especially if the 20-day moving average crosses above the 50-day—we could see a rally toward $0.012 or higher. But that’s a big “if.” Without strong buying volume or a catalyst like a new exchange listing or partnership announcement, any bounce is probably going to be short-lived.
Oversold Bounce or More Downside Ahead?
There are a few signs that XCN might be due for a relief bounce. The RSI is deep in oversold territory, which can sometimes signal that a bottom is forming. But here’s the catch: volume has been weak, and weak volume means any rally will struggle to push through those moving average barriers we talked about earlier. Without a real catalyst—like positive news from the project or a broader crypto market recovery—any upside move is likely to run out of steam quickly. On the flip side, if support at $0.00480 gives way and sellers keep the pressure on at resistance, there’s still plenty of room for further decline.
