Despite the growing bullish sentiment across the broader crypto market, Onyxcoin (XCN) gained only 5% in the past week. Although trading volume jumped 77.7% today, reaching $82.3 million, the altcoin continues to face resistance.
Momentum is rising, with the RSI climbing and a golden cross forming. But not all signals are bullish. The BBTrend remains negative, showing caution. Traders are watching to see if XCN can hold its breakout or if bears will take over.
XCN RSI Surges to 62 as Bullish Momentum Builds
Onyxcoin has shown a strong uptick in momentum, with its Relative Strength Index (RSI) climbing from 46.15 to 62.29 in just two days.
This rapid rise signals increased buying pressure and suggests that bullish sentiment is gaining strength.
Onyxcoin’s BBTrend Turns Negative Again After Brief Recovery
Onyxcoin BBTrend indicator is currently at -2.69, reflecting a renewed weakening in momentum after a brief recovery. Between April 29 and May 8, the BBTrend remained negative, signaling a bearish bias during that stretch.
Golden Cross Forms on Onyxcoin: Can XCN Break Through Resistance?
Onyxcoin (XCN) has just formed a golden cross—a bullish technical pattern where the short-term moving average crosses above the long-term moving average.
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