Onyxcoin (XCN) has suffered with a strong landing direction since January. The price continues to back down from the descending trend line on the graph for 4 hours, indicating a fixed rejection.
Currently, the XCN price is traded by about $ 0.013, which is 0.84 %, but it is still stuck without this annoying Trendline. We have seen the highest low levels and constitute a low decline in price movement, which only enhances the hybrid view.
ONYXCOIN key levels and support levels
The good news is that the support is about $ 0.011 has been tested for a number of times since January but continues to keep it. The price helped recover a number of occasions.
Looking at the key levels, the resistance is between $ 0.0135 and $ 0.014, as there is a downward trend line. If Xcn runs a confirmed closure over the direction line, we can see a transformation of momentum towards a scope of $ 0.016 to $ 0.018.
Yesterday’s candlestick showed the frequency, indicating that bulls and bears are fighting to control the current levels. The trading volume was low, indicating poor purchase pressure, which makes the hacking at the present time. For any real upward movement, we need to see a high batch over the direction line.
Possible scenarios for the XCN price today
For today, it seems that two main scenarios are possible. In the upscale case, if the Xcn is broken over the descending trend line ($ 0.0135 -0.014) with a strong size, we may see a move about $ 0.016 or the highest in the short term. This will need to confirm a candle for 4 hours or a day over the direction line.
Also read: Prediction of coin prices for today (15 March)
In the event of a decline, if the price is rejected at the direction line again, XCN may return to low prices. She can resume her journey to $ 0.11 again.
XCN price movement is also associated with Bitcoin. If Bitcoin remains stable or move, Xcn has a better chance to break the resistance. But if Bitcoin decreases, Xcn is likely to follow low support areas.
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