Onyxcoin (XCN) has been struggling to break out of its tight trading range, causing concern among potential investors. The decline in network growth and waning investor interest is hindering the cryptocurrency's momentum and ability to attract new investors. However, long-term holders (LTHs) have prevented a catastrophic crash and maintained market stability. XCN is currently trading above a critical support level, but a breakout beyond resistance is necessary for an uptrend to resume. Failure to defend the support level could trigger a sharp decline, while breaching resistance could lead to further gains and restore investor confidence.



Other News from Today