Onyxcoin (XCN) experienced a significant increase in its market cap during January, but has since dropped by 23% in the last 30 days. The Relative Strength Index (RSI) currently sits at 42, indicating a potential consolidation phase. If XCN loses support at $0.0145, it may drop to $0.0075, but a bullish reversal could see it testing resistances at $0.0229, $0.033, and even $0.040. The RSI and Average Directional Index (ADX) suggest a weakening trend, with the altcoin vulnerable to selling pressure. Without a rise in ADX or a directional shift, XCN is unlikely to see a significant reversal soon. The combination of a fading downtrend and a dropping RSI suggests a consolidation phase and a potential decline if support is lost or a rally if resistance is broken.



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