Onyxcoin (XCN) Price Consolidation Could Lead to a Major Breakout

Onyxcoin (XCN) has dropped 16% over the last week but is still up 52% over the past month. Its Relative Strength Index (RSI) is at 40.1, showing slight bearish momentum but not suggesting an oversold condition. The Average Directional Index (ADX) is 15.1, indicating the downtrend is weakening. The Exponential Moving Averages (EMAs) suggest XCN could potentially rise by 30% before March if buying pressure increases. XCN's RSI has stayed below 50 for five days without falling to oversold levels (below 30), meaning selling pressure is not very strong. The ADX has fallen from 29.4 to 15.1 in four days, showing a weakening downtrend. Between January 15th and 26th, XCN's price jumped over 1,300%. If selling continues, XCN could fall to $0.017 or $0.014. If buying increases, XCN might rise to $0.021, then $0.025, and potentially reach $0.0339.