The XCN price has decreased by 7 % today and it seems that it will end this month slowly, which is a kind of expected, given the price that was well recovered this month.
With this in mind, we asked artificial intelligence prediction at the XCN price for the month of May where the distinctive symbol is now traded 0.0185 dollars.
Where Xcn now stands
The Xcn price sits about $ 0.018 after 80 % in April from its lowest level of $ 0.010. Again in January, Xcn saw a huge 18x pump that could not last. February brought and March heavy drops.
Bitcoin works well at 94-95 thousand dollars, which usually helps smaller currencies like XCN. The market feels somewhat positive now, better than early April.
Xcn recently launched new products such as Goliath Mainnet and ONYX Smart Wallet. These created some of the humiliation, but the excitement is calming. A 75 to 63 management conference index decreased, indicating the lowest purchase pressure.
Some big merchants are now betting on XCN with negative financing rates. Data appears on the purchase compression chain is still somewhat low.
The main price levels to be monitored are $ 0.0182 for support and $ 0.0237 for resistance.
Also read: Why could onyxcoin (xcn) be tired
Predicting at XCN: What it might bring
If Bitcoin remains strong or pays about $ 100,000, and if people are already using the new ONYX SMART port, it can continue XCN.
The first goal will be about $ 0.023 -0.025 dollars, which is 30 % higher than now. If Xcn exceeds that through a good trading volume, it may reach $ 0.029-0.032 dollars, which will be above 60-75 %.
In order for this to happen, Bitcoin needs to stay above $ 90,000 and the smart wallet needs to attract real users, not just noise. Trading volume also needs to be taken.
But if Bitcoin cools or feels cautious about smaller metal currencies, Xcn Steam may quickly lose the price of Xcn Steam. It may decrease to $ 0.0155 -0.016 dollars, about 10-15 % of the current price. If the sale increases, Xcn may drop to about $ 0.0135, a decrease of 25-30 %.
In the worst cases-although this will not likely happen unless Bitcoin-Xcn can return to $ 0.010-0.011 dollars, its lowest level in April. This may happen if Bitcoin decreases to less than $ 90,000 or if the launch of the smart wallet is not going well.
The last price recovery appears to be traded more than people who buy and XCN contract. This makes it risky if the market mood suddenly changes.
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