📢 Onyx Coin (XCN ) Market Update – Critical Support Level Tested! 🚨
Onyx Coin (XCN) is currently trading at $0.009, having dipped below the key $0.01 support level for the first time. This is a crucial moment as the market waits to see if XCN will regain ground or continue its downward trend.
🔹 Key Levels to Watch:
✅ $0.01 – Critical Support: If XCN can reclaim this level quickly, a bullish reversal is possible.
✅ $0.0145 – First Target: If buying pressure returns, XCN could aim for this level.
✅ $0.018 – Next Resistance: A strong breakout could push XCN toward this higher target.
🔻 Bearish Scenario:
If XCN closes two consecutive daily candles below $0.01, it could trigger a 10x decline towards $0.005 and potentially as low as $0.001.
Losing this level confirms that sellers are in control, and the coin could enter a long bearish phase.
🔺 Bullish Scenario:
If the next daily candle closes above $0.01, it indicates that buyers are still defending this key level.
Historically, XCN has bounced back after brief dips below $0.01, so a recovery rally is still possible.
📌 Final Thoughts:
XCN is at a make-or-break moment. If it fails to hold $0.01, we could see a rapid decline. However, if it reclaims the level, a rally towards $0.0145 - $0.018 remains on the table. The next 24 hours will be crucial!
⚡ Keep an eye on this one —big moves ahead!
$XCN
All comments (0)