Onyxcoin Prepares for Major Protocol Upgrade
Onyxcoin Upgrade Announcement: Onyxcoin is set to launch its Onyx V2 upgrade on February 3, 2025, which will introduce significant protocol updates via the XCN Ledger, while the leadership remains anonymous, generating speculation in the market.
Market Reactions and Predictions: The upcoming upgrade has led to cautious investor sentiment reflected in a high Network Value-to-Transaction (NVT) ratio, with analysts predicting potential price fluctuations for XCN between $0.032 to $0.0408 in 2025, drawing parallels to past network upgrades that often result in transient hype.
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Technical Analysis for XCN
Technical Sentiment Analysis for Onyxcoin (XCN) As of , Onyxcoin (XCN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XCN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XCN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Onyxcoin (XCN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00224 | 0.0034 | 0.00447 | 0.00562 | 0.00669 | 0.00784 | 0.00891 |
| Fibonacci | 0.0034 | 0.00425 | 0.00477 | 0.00562 | 0.00647 | 0.00699 | 0.00784 |
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