Onyxcoin (XCN) Rebound Potential, Will it Return to the Top? Price Recovery Prospects

Updated

March 19, 2025

Gambar Onyxcoin (XCN) Rebound Potential, Will it Return to the Top? Price Recovery Prospects

Jakarta, Pintu News – Onyxcoin (XCN) has experienced a sharp decline of more than 45% in the past 30 days, after experiencing a historical surge in late January. As one of the most talked-about altcoins earlier this year, XCN is now starting to show signs of slowing down.

Momentum and trend indicators show a weakening of bearish pressure, indicating a possible change in direction. Here is a technical analysis and possible outlook for Onyxcoin.

Onyxcoin’s RSI Shows Neutrality

The Relative Strength Index (RSI) of Onyxcoin currently stands at 41.7, down from a peak of 55.6 three days ago. The RSI has been in a neutral zone for the past one week, fluctuating between 41 and 55, without showing a strong bullish or bearish trend. The RSI is a momentum oscillator that measures the speed and change of price movements, with a range from 0 to 100.

Readings above 70 usually indicate overbought conditions, while below 30 indicates oversold. With XCN’s current RSI, it shows mild bearish pressure, but not enough to confirm an oversold market. This could indicate that XCN is in a consolidation phase, and traders may be waiting for stronger directional signals before committing to a trend.

Also Read: Bitcoin Miner Sales Still High, On-Chain Data Reveals Bearish Trend (3/19/25)

Onyxcoin’s ADX Shows a Weakening of the Downward Trend

Onyxcoin’s Average Directional Index (ADX) currently stands at 8.33, down from 14.7 just two days ago. This sharp drop signals a further weakening of the trend strength as the token is still in a downward trend but with reduced momentum. ADX measures the strength of a trend, regardless of its direction.

Values above 25 indicate a strong trend, and values below 20 indicate a weak or non-trending market. With XCN’s ADX now at 8.33, it shows that the current downtrend is losing its strength.

Prices may remain range bound or experience smaller movements until momentum returns. Without an increase in the ADX, traders may see continuous sideways or erratic price action in the short term.

Onyxcoin Price Recovery Prospects

Despite being one of the most trending altcoins in 2025, Onyxcoin’s price has corrected by 42% over the past 30 days. If this downward trend continues, XCN could retest key support at $0.01. A break below this level would mark the first time the token has fallen below $0.01 since January 17, before its big surge earlier this year.

However, as indicated by the weakening ADX, the current downtrend is losing its strength, potentially opening the door for a rebound. If Onyxcoin regains momentum, it could challenge resistance at $0.0149, and a breakthrough could push the price towards $0.017. If Onyxcoin recovers the strong bullish trend from late January, the price could rise as high as $0.022, passing $0.02 for the first time since March 3.

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With technical indicators showing a weakening of the bearish trend, Onyxcoin (XCN) may be on the verge of a rebound. Investors and traders should monitor indicators such as RSI and ADX to catch early signals of a trend change. The current consolidation could be an opportunity for those looking for entries at lower prices before the next potential spike.

Also Read: Ethereum (ETH) has the potential to surge sharply, analysts reveal similarities with 2020 trends

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.