Onyxcoin (XCN) has experienced a 22% drop in the last 24 hours, reaching a 30-day low of $0.015. The altcoin's persistent negative funding rate, which has been predominantly negative since December 9, indicates a bearish bias and suggests further price declines. XCN's open interest has also been decreasing, indicating weak market participation and liquidation rather than fresh short-selling. The altcoin is currently trading below its Ichimoku Cloud indicator, confirming a downtrend and suggesting a continued price decline unless buying activity resumes. XCN's value could potentially dip to $0.011 or skyrocket to $0.022 depending on market demand.



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