Despite the increasing upscale emotions across the broader encryption market, Onyxcoin (XCN) acquired only 5 % last week. Although the trading volume jumped by 77.7 % today, reaching $ 82.3 million, Altcoin still faces resistance.
The momentum rises, with RSI climbing and the formation of the golden cross. But not all signs are ascending. Bbtrend is still negative, and caution appears. Traders monitor to see if Xcn can keep its enjoyment or whether the bears will take responsibility.
XCN RSI rises to 62 with budget brown
Onyxcoin showed a strong rise in momentum, with the RSI out of 46.15 to 62.29 in just two days.
These rapid height signals have increased the purchase pressure and indicates that the upcoming feelings are gaining strength.
RSI is a momentum that is widely used from 0 to 100 – Reading above 70 usually indicates the excessive conditions purchased, while levels of less than 30 indicate that the original may be exaggerated.
With RSI from Xcn now at 62.29, the distinctive symbol is approaching the peak of purchase but still has a room for climbing.
More importantly, ONYXCOIN has not crossed the 70th threshold since April 23, with a highlight that during the construction of the momentum, it has not yet reached levels that precede the withdrawal often.
If relative strength indicators continue to rise, they may support more price gains, although traders will closely monitor the signs of fatigue.
Bbtrend turns from ONYXCOIN to negativity again after a brief recovery
Onyxcoin bbtrend index is currently at -2.69, which reflects a renewed weakening of the momentum after a brief recovery. Between April 29 and May 8, BBTRand remained negative, indicating a declining bias during this extension.
On May 8, the index turned shortly to a positive area, as it peaked in 2.66-which increases the reflection of the potential trend-but this step was short-term.
In the past few hours, BBTRand has been reflected again, as it decreased sharply from -1.41 to -2.69, enhancing a return to the short -term downward pressure.
BBTREND (Bollinger Band Trend) is a technical indicator that measures the strength and direction of the direction based on the distance between prices and Bollenger ranges.
Positive values usually indicate ascending momentum and a possible continuation of ups in upward prices, while negative values indicate a declining momentum and increase pressure pressure.
With Xcn BBTREND now in the depths of negative lands, it indicates that the declining emotions recover control. Unless the index turns to positivity soon, the current setting involves a limited upward trend and the possibility of poor price in the short term.
Golden Cross forms on ONYXCOIN: Can XCN penetrate the resistance?
ONYXCOIN (XCN) formed a golden cross-a bullish technical pattern where the moving average in the short-term moving medium crosses in the long term.
This development often indicates the beginning of the potential upward trend. If the momentum continues, XCN can test the resistance at $ 0.020.
The collapse may pave higher than this level to achieve more gains about $ 0.024, and if the gathering continues, the price may rise to $ 0.0273. Onyxcoin was one of the most important altcoins for 2025, an increase of 118 % in the last 30 days.
However, if the upward trend fails, the main support levels may enter.
The first area it monitors is $ 0.0175 – if this level is broken, XCN may decrease to $ 0.0164.
Continuing weakness can pull the price even to $ 0.0156.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
