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Onyxcoin (XCN) Eyes Rebound After 50% Drop
The post Onyxcoin (XCN) Eyes Rebound After 50% Drop appeared on BitcoinEthereumNews.com. Onyxcoin (XCN) lost over 50% in February after a massive rally of nearly 2,000% between January 13 and January 26. Despite the ongoing decline, its recent indicators show mixed signals. RSI has stayed neutral for the past nine days, and ADX is pointing to a weakening downtrend. XCN is currently trading between resistance at $0.017 and support at $0.0143, with EMA lines still reflecting a bearish trend. Whether the price moves higher or lower will depend on whether momentum returns or if selling pressure continues to push XCN toward lower support levels. XCN RSI Has Been Neutral For 9 Days Onyxcoin has an RSI of 43.2, down from its recent high of 68.9 on March 2. Since yesterday, it has been fluctuating between 45 and 46, maintaining a neutral position without clear upward or downward momentum. RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100. XCN RSI. Source: TradingView. Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, which could precede a rebound. With XCN’s RSI at 43.2, the asset remains in neutral territory, where it has been since February 25. A move above 50 could indicate growing bullish momentum, while a drop toward 30 may signal increasing selling pressure. Onyxcoin ADX Shows the Downtrend Is Losing Steam XCN’s ADX is 16.8, down from 36.6 three days ago, indicating a steady decline in trend strength. This drop suggests weakening momentum, aligning with XCN’s recent downtrend over the past few days. The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100. XCN ADX. Source: TradingView. Readings above 25 typically indicate a strong trend, while values below 20 suggest…
The post Onyxcoin (XCN) Eyes Rebound After 50% Drop appeared on BitcoinEthereumNews.com.
Onyxcoin (XCN) lost over 50% in February after a massive rally of nearly 2,000% between January 13 and January 26. Despite the ongoing decline, its recent indicators show mixed signals. RSI has stayed neutral for the past nine days, and ADX is pointing to a weakening downtrend. XCN is currently trading between resistance at $0.017 and support at $0.0143, with EMA lines still reflecting a bearish trend. Whether the price moves higher or lower will depend on whether momentum returns or if selling pressure continues to push XCN toward lower support levels. XCN RSI Has Been Neutral For 9 Days Onyxcoin has an RSI of 43.2, down from its recent high of 68.9 on March 2. Since yesterday, it has been fluctuating between 45 and 46, maintaining a neutral position without clear upward or downward momentum. RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100. XCN RSI. Source: TradingView. Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, which could precede a rebound. With XCN’s RSI at 43.2, the asset remains in neutral territory, where it has been since February 25. A move above 50 could indicate growing bullish momentum, while a drop toward 30 may signal increasing selling pressure. Onyxcoin ADX Shows the Downtrend Is Losing Steam XCN’s ADX is 16.8, down from 36.6 three days ago, indicating a steady decline in trend strength. This drop suggests weakening momentum, aligning with XCN’s recent downtrend over the past few days. The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100. XCN ADX. Source: TradingView. Readings above 25 typically indicate a strong trend, while values below 20 suggest…
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