Onyxcoin Price Prediction: 290 Million Whale Buying Gives Critical Hint 

Onyxcoin worth stays one of many strongest movers this month, however current motion tells a extra nuanced story. XCN remains to be up practically 97% over the previous seven days, but that headline achieve hides a pointy shakeout. Since January 6, the token has corrected by roughly 36%, after briefly touching $0.0130.

That pullback has not damaged the construction. Instead, the XCN worth is now consolidating inside a bullish flag after rebounding over 4% day-on-day, whereas massive holders step in and promoting stress fades. The key query is whether or not XCN will have the ability to provoke the explosive breakout it has been in search of for some time now.

Bullish Flag Holds as Key Signs Emerge

On the each day chart, Onyxcoin is consolidating inside a basic bull flag sample. A bull flag types after a robust vertical transfer, adopted by a downward-sloping vary that enables worth to chill with out breaking the broader development. XCN is at the moment buying and selling near the higher boundary of this flag, suggesting stress is constructing.

A breakout above the important thing resistance at $0.0095 might kickstart the 218% breakout path, the pole’s measured transfer.

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Moving averages add context. An Exponential Moving Average, or EMA, provides extra weight to current costs and helps observe short-term development shifts. Onyxcoin’s 20-day EMA is now rising towards the 100-day EMA, signaling a possible bullish crossover if momentum holds.

The 200-day EMA is particularly essential right here. During the earlier rally that started on the finish of December, XCN accelerated as soon as the worth reclaimed this long-term development line. Price is once more hovering close to that very same degree. A clear transfer above the 200-day EMA would strengthen the flag breakout case and ensure that patrons stay in management.

So far, the worth has not damaged the bullish sample regardless of the 36% dip that began on January 6. This seems to be a consolidation, not a rejection.

Whale Accumulation Grows as Selling Pressure Fades

On-chain information helps the bullish setup.

Following the XCN price correction on January 6, whales started accumulating. Wallets holding massive Onyxcoin balances elevated their mixed holdings from roughly 42.26 billion XCN to about 42.55 billion XCN. That is an addition of practically 290 million XCN tokens throughout consolidation.

At present costs, that accumulation represents roughly $2.6 million in shopping for stress. More importantly, it began proper as worth pulled again, suggesting whales have been shopping for the dip relatively than exiting power.

Exchange information helps this view. Exchange inflows, which observe the variety of tokens despatched to exchanges and sometimes sign promoting intent, peaked on January 6. That spike aligned with the worth drop. Since then, trade inflows have collapsed from round 1.53 billion XCN to roughly 51 million XCN, a close to 97% dip.

This sharp decline alerts that promoting stress has dried up. Fewer cash are shifting to exchanges, and extra provide is staying off-market. Combined with whale accumulation, this creates a supply-tight surroundings that favors continuation relatively than breakdown.

Key Onyxcoin Price Levels That Decide the Breakout

The first Onyxcoin price level to observe is $0.0090, which aligns intently with the 200-day EMA. Holding above this degree retains the bullish construction intact and will increase breakout odds.

The actual set off zone sits close to $0.0095. A each day shut above this degree would verify a breakout from the higher flag development line. If that occurs, the worth might retest $0.0130, the current native high and first main resistance.

On the draw back, $0.0083 is the important thing assist. Losing this degree would weaken the flag construction and recommend that consolidation is failing. Below that, $0.0069 turns into essential. A sustained transfer below this zone would invalidate the bullish setup fully.

For now, the Onyxcoin stays in stability. The XCN worth is consolidating, whales are accumulating, and promoting stress has cooled sharply. Whether this turns into an explosive breakout is dependent upon how the Onyxcoin worth reacts across the flag resistance and long-term shifting averages.

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