Altcoins News
By Julie Binoche
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Heavy Sell Pressure on Onyxcoin. Over the past month, Onyxcoin has faced consistent outflows from its spot markets, indicating…
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Negative Funding Rate Reflects Bearish Market Sentiment. Another key indicator of the bearish sentiment surrounding Onyxcoin is its negative funding rate.
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XCN's Bearish Price Pattern and Potential for Further Decline. Looking at Onyxcoin's price chart, the altcoin remains trapped within a descending parallel channel.
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Potential for a Rebound. Although the outlook for Onyxcoin remains largely bearish, there is still a possibility of a…
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Conclusion. Onyxcoin (XCN) has experienced a steep 57% drop from its January all-time high, and the altcoin is…
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Onyxcoin (XCN) has experienced a sharp decline, shedding more than half of its value since reaching an all-time high (ATH) in January.
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Onyxcoin (XCN) has been in a steady downtrend since hitting its all-time high of $0.049 on January 26, 2025. As of the latest data, the altcoin is trading at just $0.
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In March, outflows from the spot markets have continued, reaching $6.45 million so far. Such sustained selling activity signals that many investors are taking profits or exiting…
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A negative funding rate can further reinforce bearish sentiment in the market, as it suggests that traders are expecting the price to continue falling.
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If XCN breaks below the lower trendline of the channel, it could signal further downside. In this case, the price could fall to as low as $0.0075.
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