Whales Accumulate Onyxcoin Amid Price Surge
Whale Accumulation and Price Surge: Onyxcoin experienced significant whale accumulation, with over 368 million XCN purchased following the adoption of OIP-59, resulting in a 15% price increase despite weak retail sentiment.
Market Dynamics and Future Concerns: The surge in whale activity has historically led to temporary gains, raising concerns about sustainability without broader market support, as analysts predict potential retracements if retail interest does not improve.
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Technical Analysis for XCN
Technical Sentiment Analysis for Onyxcoin (XCN) As of , Onyxcoin (XCN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XCN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XCN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Onyxcoin (XCN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0031 | 0.00383 | 0.00464 | 0.00537 | 0.00619 | 0.00691 | 0.00773 |
| Fibonacci | 0.00383 | 0.00442 | 0.00478 | 0.00537 | 0.00596 | 0.00632 | 0.00691 |
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