Altcoins News
By Evie Vavasseur
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RSI Climbs to 62 — Buyers Gain Strength. One of the more bullish indicators at play is the Relative Strength Index (RSI), which has surged…
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BBTrend Turns Negative Again — Bearish Pressure Returns. However, not all indicators are lining up in Onyxcoin’s favor.
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Golden Cross Forms — Can It Trigger a Breakout?. Adding to the bullish case, Onyxcoin has just formed a golden cross, a widely followed pattern in…
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Key Levels to Watch: Resistance and Support Zones. While the $0.020 resistance level is now the main battleground, failure to break it could lead to…
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Mixed Signals Mean Traders Should Stay Cautious. Onyxcoin’s recent performance is a textbook case of technical divergence: some indicators, like…
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Onyxcoin (XCN) is showing signs of life again, gaining 5.4% in the past week and seeing trading volume surge 77.7%, topping $82.3 million in 24 hours.
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Despite the upward momentum, mixed technical indicators suggest the market may not be entirely sold on a full-blown breakout just yet. With resistance holding strong at $0.
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One of the more bullish indicators at play is the Relative Strength Index (RSI), which has surged from 46.15 to 62.29 over the past two days.
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Still, the token is not yet in the overbought zone, which typically begins above 70. This gives the bulls more room to push higher before a potential correction sets in.
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However, not all indicators are lining up in Onyxcoin’s favor. The BBTrend, or Bollinger Band Trend indicator, which measures the strength and direction of momentum, has turned…
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Between April 29 and May 8, BBTrend values for XCN stayed negative, reflecting persistent downward pressure.
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This rapid reversal suggests that the bulls may be running into stronger-than-expected selling pressure.
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With momentum building and trading volume surging, the setup looks promising. If buyers maintain control, XCN may soon challenge the long-standing resistance at $0.020.
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Onyxcoin has already climbed 118% over the past 30 days, making it one of the best-performing altcoins of 2025 so far. A successful breakout could extend that run even further.
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While the $0.020 resistance level is now the main battleground, failure to break it could lead to a pullback. Immediate support lies at $0.0175.
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