Two Supply Walls Block A 50% Onyxcoin Price Rally — Can Whales Break Through?
Onyxcoin worth has stopped collapsing, however it isn’t free to rally but. XCN is buying and selling close to $0.0069, down nearly 50% from its early January peak close to $0.0129. Since forming a neighborhood backside on January 20, the value has tried to rebound, however a key push greater has stalled.
The cause just isn’t contemporary panic promoting. It is the availability. Two main promote partitions at the moment are blocking a possible 50% upside transfer.
Hidden Divergence Meets the First Supply Wall
The downtrend is shedding pressure, however resistance is rapid.
Between November 21, 2025, and January 20, 2026, the Onyxcoin price fashioned the next low, whereas the Relative Strength Index (RSI) printed a marginal decrease low. RSI measures momentum by evaluating current good points to losses. When worth holds greater, however RSI falls additional, it usually indicators that promoting stress is weakening reasonably than accelerating, a hidden bullish divergence.
That sign performed out with a bounce from $0.0063 help however stalled at $0.0079.
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The rebound failed shortly close to the primary main provide wall, recognized by cost-basis information.
A dense cluster of holders accumulated XCN close to $0.0079, and when the value approached this zone, sellers stepped in to interrupt even. This explains why the rebound stalled regardless of bettering momentum. The RSI divergence restricted draw back, however the cost-basis wall capped upside.
This units the stage for the second query: who might be absorbing that provide?
Whale And Retail Accumulation Offsets Selling as Exchange Pressure Stays Moderate
On-chain information reveals patrons stepping in beneath resistance.
Since January 22, whale wallets elevated their holdings from 42.58 billion XCN to 42.64 billion XCN, an addition of roughly 60 million XCN. At the present worth, that equals about $420,000 gathered throughout consolidation, not throughout euphoria. Even although they offered a bit, most likely on the $0.0079 provide wall, their place stays internet constructive.
Retail wallets, holding between 1,000 and 100,000 XCN, have adopted the identical course, including regularly since January 19, reinforcing demand at decrease ranges.
Selling stress exists, too. Up to January 22, alternate flows confirmed a internet outflow of 48.01 million XCN, signaling accumulation. Since then, flows flipped to a small internet influx of 1.65 million XCN, indicating delicate profit-taking reasonably than distribution. That occurs to be the availability wall at play, the place XCN holders is likely to be taking earnings.
Yet, whale and retail cohorts are at present offsetting alternate promoting. That steadiness is why worth continues to carry above $0.0063 even after the rejection close to resistance.
But yet another wall nonetheless issues.
Second Supply Wall Aligns With Resistance, Defining the 50% Onyxcoin Price Path
Clearing the primary wall just isn’t sufficient.
Beyond the $0.0079 zone sits a second, heavier provide wall round $0.0086, the place roughly 2.7 billion XCN have been gathered beforehand. This stage additionally aligns with seen chart resistance, making it the true breakout gate.
If patrons handle to soak up provide at each ranges, the overhang clears shortly. Above that $0.0086 zone, which additionally occurs to be on the value chart, XCN faces restricted historic resistance, opening the trail towards $0.0104, a possible 50% rally from present costs.
The invalidation is equally clear.
If alternate inflows broaden and whale accumulation slows, the $0.0063 help turns into weak. A every day shut beneath it will shift focus towards $0.0045, negating the restoration thesis.
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