CandleFocus Will Onyxcoin (XCN) Hold Firm at $0.030 or Face a Pullback?
2025-02-08
Author: Content Editor
The article highlights that Onyxcoin (XCN) has gained a modest 1.78% and has shown potential for upside. However, the altcoin has lost over 13.41% and is currently facing strong bearish momentum. Technical analysis suggests a negative outlook, with sellers in control. If support at $0.02474 fails to hold, Onyxcoin could face intense selling pressure and retrace to previous lows. On the upside, breaking through the critical $0.034 resistance barrier could lead to a rally toward $0.042 or above. The short-term moving average is below the long-term moving average, and the RSI indicates neutral conditions. The article emphasizes that this is the author's opinion and not investment advice. Investors are encouraged to conduct their own research.
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