XCN Price Could Mirror Past Fractal for 100% Rally If One Signal Holds

Onyxcoin (XCN) is as soon as once more on merchants’ radar. Currently buying and selling close to $0.0105, the XCN value has corrected greater than 33% over the previous three months, but its year-on-year efficiency nonetheless sits above 700%.

That longer-term uptrend retains merchants revisiting the chart, and now a well-known technical setup is rising — one that might trace at one other rally, supplied one key sign confirms.

Whales Step In Despite the Dip

While retail sentiment has cooled, whales have quietly collected. Since August 29, massive wallets have added about 120 million XCN tokens, value roughly $1.27 million at present costs. Notably, this shopping for got here as costs slipped, suggesting whales are positioning early for a rebound.

This sample of dip-buying has usually preceded broader recoveries in crypto markets, because it indicators confidence from the biggest holders even when value motion appears weak.

But what are whales seeing that others don’t? The thriller unfolds within the subsequent part.

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Fractals Show a Familiar Bullish Divergence and Possibility of a Rally

What excites merchants most is a recurring technical sample. A bullish divergence happens when value makes a decrease low whereas the Relative Strength Index (RSI) — which measures momentum — makes the next low. This usually indicators that sellers are shedding energy, though costs hold dropping.

The present XCN value is likely to be experiencing one thing comparable.

• March 28–April 6: Price hit new lows whereas RSI climbed. After a quick correction, XCN surged from $0.007 to $0.027, practically a 285% rally.
• June 14–22: An identical divergence appeared. Following consolidation, the XCN value doubled from $0.01 to $0.02.

Now, between August 15–25, the identical divergence has shaped once more. Prices corrected after, but when historical past repeats, one other 100% transfer (at the very least) could also be in play. One caveat: in each prior circumstances, the rally was delayed till consumers absolutely took management, highlighted by the Bull-Bear Power indicator flipping inexperienced. That’s the sign merchants can be eyeing for now.

This implies that the XCN price could not set off instantly.

XCN Price Levels to Watch

The chart has trended decrease since July, so Fibonacci retracement ranges from the July peak are guiding key ranges. At current, holding above $0.010 is essential. Losing that will expose helps close to $0.0093 and even $0.0075.

On the upside, the primary resistance for the XCN price lies at $0.0125. Clearing it will open the best way towards $0.02, a stage examined in previous rallies. If bulls handle to push above $0.02, the subsequent goal stands at $0.027, echoing even March’s rally.

In quick, whale accumulation plus a recurring divergence offers the XCN value a bullish setup, however affirmation is required. Unless consumers reclaim momentum on the every day chart, the fractal will stay simply potential — not confirmed. And shedding $0.009 may even invalidate the identical.

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