Regardless of the rising bullish sentiment throughout the broader crypto market, Onyxcoin (XCN) gained solely 5% previously week. Though buying and selling quantity jumped 77.7% at the moment, reaching $82.3 million, the altcoin continues to face resistance.
Momentum is rising, with the RSI climbing and a golden cross forming. However not all alerts are bullish. The BBTrend stays detrimental, exhibiting warning. Merchants are watching to see if XCN can maintain its breakout or if bears will take over.
XCN RSI Surges to 62 as Bullish Momentum Builds
Onyxcoin has proven a robust uptick in momentum, with its Relative Power Index (RSI) climbing from 46.15 to 62.29 in simply two days.
This speedy rise alerts elevated shopping for stress and means that bullish sentiment is gaining energy.
RSI is a extensively used momentum indicator that ranges from 0 to 100—readings above 70 sometimes point out overbought circumstances, whereas ranges beneath 30 recommend the asset could also be oversold.
XCN RSI. Supply: TradingView.
With XCN’s RSI now at 62.29, the token is nearing overbought territory however nonetheless has room to climb.
Importantly, Onyxcoin hasn’t crossed the 70 threshold since April 23, highlighting that whereas momentum is constructing, it hasn’t but reached ranges that always precede a pullback.
If the RSI continues rising, it might assist additional worth good points, although merchants will watch intently for indicators of exhaustion.
Onyxcoin’s BBTrend Turns Unfavorable Once more After Transient Restoration
Onyxcoin BBTrend indicator is at present at -2.69, reflecting a renewed weakening in momentum after a short restoration. Between April 29 and Might 8, the BBTrend remained detrimental, signaling a bearish bias throughout that stretch.
On Might 8, the indicator briefly flipped into optimistic territory, peaking at 2.66—suggesting a possible pattern reversal—however that transfer was short-lived.
In the previous few hours, the BBTrend has reversed once more, falling sharply from -1.41 to -2.69, reinforcing a return to bearish stress within the quick time period.
XCN BBTrend. Supply: TradingView.
The BBTrend (Bollinger Band Pattern) is a technical indicator that measures the energy and route of a pattern primarily based on the space between worth and the Bollinger Bands.
Constructive values sometimes point out upward momentum and a possible continuation of bullish worth motion, whereas detrimental values level to downward momentum and rising promoting stress.
With XCN’s BBTrend now deep in detrimental territory, it means that bearish sentiment is regaining management. Except the indicator flips again to optimistic quickly, the present setup implies restricted upside and the potential of additional worth weak point within the close to time period.
Golden Cross Varieties on Onyxcoin: Can XCN Break Via Resistance?
Onyxcoin (XCN) has simply fashioned a golden cross—a bullish technical sample the place the short-term transferring common crosses above the long-term transferring common.
This growth usually alerts the start of a possible uptrend. If momentum continues, XCN might quickly check the resistance at $0.020.
A breakout above that stage might pave the way in which for additional good points towards $0.024, and if the rally sustains, the worth might climb as excessive as $0.0273. Onyxcoin has been one of many hottest altcoins of 2025, up 118% within the final 30 days.
XCN Value Evaluation. Supply: TradingView.
Nonetheless, if the uptrend fails, key assist ranges might come into play.
The primary space to observe is $0.0175—if that stage is damaged, XCN might decline to $0.0164.
Continued weak point might drag the worth even decrease to $0.0156.
