Over the past seven days, Onixcoin (XCN) has experienced a significant 95% growth, but in the last 24 hours, it has faced a slight 3% decline. This short-term decrease has raised concerns about the end of the upward trend. However, important indicators such as Relative Strength Index (RSI), Bollinger Bands Trend (BBTrend), and Exponential Moving Average (EMA) show that the upward momentum is weakening. RSI, measuring buying and selling power, has decreased from 56.74 to 49.28, indicating a potential shift in power from buyers to sellers. BBTrend has dropped from 64 to 20.27 in the past three days, suggesting a weakened trend and increased possibility of price fluctuations or even a reversal. On the other hand, EMA lines also signal weakness. As short-term moving averages approach long-term ones from above, a death cross may occur, potentially driving the price towards the support level of $0.0139. If this support is broken, the next support levels will be $0.012, $0.010, and $0.00849 respectively. However, if buyers support the current level, the next resistances are at $0.020 and $0.027, paving the way for a continued upward trend. Visit the real-time digital currencies price page to monitor all tokens and cryptocurrencies live.
