Onyxcoin (XCN) has been facing a downtrend for over a month despite increased whale activity. Whale investors holding between 10 million and 100 million XCN have been accumulating the token, indicating confidence in its eventual price recovery. However, network growth for Onyxcoin is at a six-week low, suggesting a decline in new users and investors. The stagnation in network growth makes it difficult for Onyxcoin to attract new retail investors and sustain momentum. The resistance at $0.0150 has prevented significant price gains. The future of Onyxcoin depends on attracting broader market support and capital.



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