Onyxcoin (XCN) Goes Parabolic — Can XCN Maintain This Insane Bullish Momentum?
Onyxcoin (XCN) just pulled off a monster rally — up 95% in just seven days. But now? It’s taken a breather, dipping 3% in the last 24 hours, and investors are asking the big question:
Is the momentum gone? Or is this just a pit stop before the next leg up?
Let’s break it down with the key technicals you need to know.
📉 RSI Signals: Buyers Are Losing Their Grip (But Not Gone Yet)
The Relative Strength Index (RSI) has slipped from 56.74 to 49.28 in just two days. For context:
- Above 70 = overbought
- Below 30 = oversold
- Around 50 = neutral zone
Right now, XCN’s RSI is sitting just under 50 — which tells us something critical: buyers are losing steam, and sellers are testing the waters.
🧠 Pro Insight: A dip below 50 isn’t an automatic sell signal. But it’s often the first warning shot that bullish momentum is fading. If RSI keeps sliding, expect XCN to face more selling pressure in the short term.
📊 BBTrend Is Crashing – What That Means for XCN
Three days ago, Onyxcoin’s BBTrend (Bollinger Band Trend) sat at a healthy 64. Fast-forward to today?
It’s nosedived to 20.27. That’s a massive drop — and not a great sign for bulls.
💡 The BBTrend measures trend strength using the width of Bollinger Bands. A shrinking BBTrend = shrinking momentum.
So, what now?
This steep drop suggests the explosive momentum has cooled, and Onyxcoin might be heading into a sideways or corrective phase unless something new reignites buying interest.
⚠️ Watch Out for This: EMA Lines Hint at a Bearish Cross
Here’s where things could get serious.
XCN’s Exponential Moving Averages (EMA) are starting to converge in a way that could form a death cross — where the short-term EMA crosses below the long-term EMA.
📉 If that bearish crossover happens, it could:
- Confirm a trend reversal
- Trigger a sell-off
- Send XCN down to test its first key support at $0.0139
Break below that? We could see dips to $0.012, then $0.010, and potentially $0.00849 if bears take control.
🛑 Or… Could Bulls Make a Comeback?
If buyers defend $0.0139 and reverse the momentum, this story could flip.
In that case, the next level to watch is $0.020 — the nearest resistance.
A clean breakout there opens the door for a push toward $0.027.
That would put Onyxcoin right back in the spotlight.
🎯 Final Word: Is XCN’s Rally Over — or Just Getting Started?
Here’s the bottom line:
- The short-term momentum is weakening, no doubt.
- But the broader trend hasn’t fully reversed — yet.
- RSI, BBTrend, and EMA all suggest caution… but also opportunity.
If you’re watching Onyxcoin, this is the make-or-break moment.
📉 Fall below $0.0139? Time to brace for downside.
🚀 Break $0.020? XCN could light up again.
