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Onyxcoin ($XCN) is down over 45% in the last 30 days, following a historic surge at the end of January. After being one of the most trending altcoins earlier this year, $XCN is now showing signs of cooling off.
Both momentum and trend indicators point to weakening bearish pressure, suggesting that a shift could be forming. Here’s a look at the technical outlook and what could come next for Onyxcoin.
$XCN RSI Has Been Neutral For One Week
Onyxcoin’s RSI is currently at 41.7, down from a peak of 55.6 three days ago.
The RSI has remained in a neutral zone for the past week, fluctuating between 41 and 55, without showing a strong bullish or bearish trend.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.
Readings above 70 typically indicate overbought conditions, while readings below 30 suggest oversold conditions. With $XCN’s RSI now at 41.7, it suggests mild bearish pressure but not enough to confirm an oversold market.
This could indicate that $XCN is in a consolidation phase, and traders may be waiting for a stronger directional signal before committing to a trend.
Onyxcoin ADX Shows The Current Downtrend Is Fading Away
Onyxcoin’s ADX is currently at 8.33, dropping from 14.7 just two days ago.
This sharp decline signals a further weakening of trend strength as the token remains in a downtrend but with reduced momentum behind the move.
The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. Values above 25 indicate a strong trend, and values below 20 point to a weak or non-trending market.
With $XCN’s ADX now at 8.33, this suggests that the ongoing downtrend is losing steam. The price could remain range-bound or experience smaller movements until momentum returns.
Without a pickup in ADX, traders may see continued sideways or choppy price action in the short term.
Will Onyxcoin Reclaim $0.020 In March?
Despite being one of the most trending altcoins in 2025, Onyxcoin price has corrected by 42% over the past 30 days.
If this downtrend continues, $XCN could retest the key support at $0.01. A breakdown below this level would mark the first time the token has fallen below $0.01 since January 17, before its major surge earlier this year.
However, as indicated by the weakening ADX, the current downtrend is losing strength, potentially opening the door for a rebound.
If Onyxcoin regains momentum, it could challenge the resistance at $0.0149, and a breakout could push the price toward $0.017. Should Onyxcoin recover its strong bullish trend from late January, it could rise as high as $0.022, breaking above $0.02 for the first time since March 3.
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