ONYXCOIN (XCN) show signs of strength despite the recent downward feelings. The price has formed a higher low, indicating a potential upward trend. Technical indicators indicate a possible outbreak if the main resistance levels are hacked.
Analyst C-Zar still gets optimistic encryption, citing strong liquidity in the market and historical patterns that prefer accumulation at lower price levels.
Market analysis and xcn prices trends
XCN is trading At 0.01438 dollarsRecovery from the last 5 % decrease. Prices raised concerns, but analysts see a dual formation, a bullish sign.
The C-Zar indicated that similar prices were observed in Swift Coin, which increased speculation about the identical direction.
Bears expect Xcn to decrease between $ 0.013 and $ 0.011, and perhaps less than $ 0.01. However, the analyst believes that low levels offer an opportunity to accumulate, describing it as “the emerging sun”. It confirms that the closure above the current levels can confirm an ascending trend.
RSI struggle for an hour for 60 years, and faces frequent rejection. C-Zar noted that breaking and maintaining above 60 is very important to confirm the bullish momentum. In addition, the daily size of Xcn represents more than 10 % of the maximum market, which the analyst considers sufficient Upward movement.
Resistance is at $ 0.0158, on the occasion of the level of the downside from January. If Xcn exceeds this, it may come out of the pipe. Strong support lies between $ 0.012 and $ 0.01, as it is expected to accumulate if prices decrease.
Conditions of penetration xcn and long -term expectations
For a bullish reflection, Xcn should break more than $ 0.0158, keep the RSI above 50-60, and gain at least 6 %. C-Zar believes that the penetration can push XCn to $ 0.026, while declining first may lead to an increase in the stairs of the stairs, with $ 0.012 as a bottom area.
Despite the short -term declining pressure, analysts remain optimistic about the capabilities of Onyxcoin in the long run. The direction of the price, RSI levels and trading size indicate an imminent outbreak if resistance levels are violated. While watching the market closely XCN, investors are waiting to confirm the continuous rising arrangement.
Also read: We have asked Amnesty International that Altcoin will make greater gains in April – XRP or Solana
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