Crypto Market News

05/30 03:39

Onyxcoin (XCN) Poised to Break Critical Resistance

Onyxcoin (XCN) Poised to Break Critical Resistance at $0.0190

XCN is trading at $0.0175 with the critical resistance at $0.0190, suggesting a possible breakout amid a shift in market sentiment.

Technical indicators reflect a bearish structure with the price trading below the 5, 10, and 20-period moving averages.

Market watchers are keeping a close eye on XCN as Bitcoin price action near critical support levels continues to influence short-term trends.

XCN is showing strong breakout signals and moving towards resistance levels, which is in stark contrast to the overall market sentiment which is shifting from bearish to bullish. Currently, BTC price is slightly down and fluctuating near critical support levels, which is also affecting the market. Traders and investors are keeping a close eye on the coin. A successful breakout would spark a bull rally.

 As of this writing, XCN is trading at $0.01750 with a 24-hour trading volume of $31.1 million and a market cap of $586.85 million. XCN price is subject to market volatility; its price has fallen by 3.92% in the past 24 hours and 13.03% in the past week, but also shows great potential for new upward momentum



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