The cryptocurrency Onyxcoin (XCN) has seen a significant decrease in value over the past seven and thirty days, reflecting a strong bearish trend. Its market capitalization has also dropped from $1.4 billion to $572 million. The Relative Strength Index (RSI) for XCN has fallen to 41.8, indicating weakened buying interest. Additionally, the Average Directional Index (ADX) of 25.2 confirms the strong downtrend. XCN faces critical support at $0.014, while a potential reversal could target resistance at $0.0229 and beyond if bullish momentum returns. The current RSI and ADX levels suggest caution, as the downtrend shows no signs of reversal yet.



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