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Onyxcoin Price Eyes Breakout—XCN Holders Decide Its Fate

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Onyxcoin (XCN) has struggled to recover over the past month, with the price now sitting at a critical support level. 

The altcoin’s price has been stuck in a downtrend, but recent market conditions indicate that this could be the point of reversal. If investors choose to take action, XCN might see a price breakout soon.

Onyxcoin Investors Are at a Loss

The current MVRV Ratio for Onyxcoin is at -30%, indicating that investors who bought XCN in the past month are currently at a loss. While this signals a bearish outlook, it also presents a potential opportunity for future gains.

The MVRV ratio between -10% and -30% typically forms an “opportunity zone,” suggesting that selling pressure tends to saturate at these levels. Historically, accumulation at these low prices has proven to be rewarding when the market turns bullish.

If investors seize this opportunity and move to accumulate, they will help stabilize the price and trigger a future rally. This would allow investors to make significant gains when XCN’s price recovers. As the MVRV ratio remains in the opportunity zone, investors’ decision to act could shape the future of XCN’s price action.

XCN MVRV Ratio
XCN MVRV Ratio. Source: Santiment

In terms of macro momentum, the technical indicator MACD (Moving Average Convergence Divergence) shows promising signs that the bearish phase could be nearing its end. The MACD is close to signaling a bullish crossover, indicating a shift in market sentiment. With broader market cues showing signs of improvement, the transition to a bullish trend could be imminent for Onyxcoin.

A bullish crossover on the MACD would provide a strong signal that the downtrend for XCN is coming to a close. This would encourage more buying activity, leading to upward price movement. However, for the crossover to occur, it is essential that broader market conditions remain favorable and investor sentiment continues to improve.

XCN MACD
XCN MACD. Source: TradingView

XCN Price Needs Strength

Onyxcoin’s price is currently at $0.0168 and is attempting to break out of a month-long downtrend. The altcoin is facing resistance at $0.0182 and will need to breach this level to confirm its recovery. Holding above the crucial support level of $0.0150 is key for any potential breakout.

If XCN manages to break above $0.0182 and flip it into support, this could drive the price to $0.0237. This would trigger a recovery and establish a new bullish trend for the token. For this to happen, investor sentiment and broader market conditions must strengthen. This would create a favorable environment for Onyxcoin’s price to climb.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView

However, if XCN fails to maintain support at $0.0150 and continues the downtrend, the price could fall further. This would invalidate the bullish outlook. A drop below this support level could extend the losses, preventing a price recovery in the near term.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

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Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.

From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.

SOL Ichimoku Cloud Paints A Bearish Picture

The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).

The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.

For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.

Solana DMI Shows Sellers Are In Control

Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.

The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.

This surge confirms that the current downtrend in SOL is gaining momentum.

SOL DMI. Source: TradingView.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.

This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.

As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.

Can Solana Drop Below $110 Soon?

Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.

It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.

A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top 3 Made in USA Coins to Watch This Week

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Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.

SUI is the only major gainer, up 3.8%, showing some strength despite broader weakness. Meanwhile, PI has been the worst performer, plunging over 23% and staying below $1 all week.

XRP

XRP is the largest Made in USA crypto by market cap, but it’s also down 10.6% over the last 7 days—the biggest drop among the top 10. This sharp correction could present an opportunity, especially with Trump’s “Liberation Day” event coming up on April 2.

If XRP builds an uptrend, it could push to test resistance at $2.22. A breakout there may lead to moves toward $2.47 and even $2.59 if momentum grows.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

If the downtrend continues, XRP could revisit support at $2.06. A breakdown below that level might drag it further down to $1.90.

With volatility rising and a possible narrative shift on the horizon, XRP could be a key coin to watch this week.

SUI

SUI is the only among major Made in USA cryptos showing gains over the past week, up 3.8%, even though it’s still down 13% over the last 30 days. This resilience sets it apart from the rest of the pack.

In the last 24 hours, trading volume has dropped 15% to $767 million. The coin’s current market cap is $7.43 billion.

SUI Price Analysis.
SUI Price Analysis. Source: TradingView.

SUI’s EMA lines recently formed a death cross, hinting at a possible downtrend. If confirmed, the price could drop to $2.23, with further downside to $2.11 and $1.96.

If SUI manages to reverse the trend, it could climb toward $2.50. A breakout there would open the door to $2.83, nearly 20% higher from current levels.

Pi Network (PI)

Pi Network (PI) is the biggest loser among Made in USA cryptos this week, with its price down over 23% in the last seven days.

It has been trading below $1 throughout the entire week.

PI Price Analysis. Source: TradingView.

If sentiment shifts, PI could rebound toward resistance at $1.05. A breakout there might lead to a push-up to $1.23.

But if bearish pressure continues, PI could fall to test support at $0.718. A drop below that would send it to $0.62—its lowest level since February 21.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Token Unlocks for April: Parcl, deBridge, Scroll

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Three major token unlocks involving PRCL, DBR, and SCR are set to take place in April. Parcl will unlock 161.7 million PRCL on April 16, followed by deBridge unlocking 1.11 billion DBR on April 17 and Scroll releasing 40 million SCR on April 22.

These events could significantly impact each token’s supply dynamics and short-term price action. With large allocations set aside for contributors, partners, and airdrops, these unlocks are worth watching closely.

Parcl (PRCL)

Unlock Date: April 16

Number of Tokens to be Unlocked: 161.7 million PRCL (16.2% of Total Supply)

Current Circulating Supply: 270.8 million PRCL

Total supply: 1 Billion PRCL

Parcl is a decentralized exchange that lets users trade real estate price movements without owning property. The ecosystem—made up of Parcl, Parcl Labs, and Parcl Limited—governs the Parcl Protocol, which offers synthetic exposure to real-world real estate markets. It allows users to go long or short on property prices across different regions.

On April 16, 161.7 million PRCL tokens, worth roughly $15.56 million, will be unlocked. This could increase the token supply and lead to short-term market volatility.

The unlock includes 92.4 million tokens for early supporters and advisors, and 69.3 million for core contributors. PRCL price is down 33% in the last 30 days and trading below $0.1 since yesterday.

Parcl Token Unlock.
Parcl Token Unlock. Source: Cryptorank.

deBridge (DBR)

Unlock Date: April 17

Number of Tokens to be Unlocked: 1.11 billion DBR (11.1% of Total Supply)

Current Circulating Supply: 1.16 billion

Total supply: 10 Billion DBR

deBridge is a cross-chain protocol that allows users to transfer assets and data between different blockchains. It aims to simplify interoperability and make decentralized applications more connected and efficient.

On April 17, 1.11 billion BDR tokens, worth around $32.19 million, will be unlocked. This unlock will nearly double the current circulating supply, adding roughly 95% more tokens to the market.

The allocation includes 400 million for core contributors, 340 million for strategic partners, and 176.93 million for the ecosystem. The rest goes to the community, foundation, and validators. Despite the upcoming unlock, deBridge has gained nearly 38% in the past month, with its market cap now nearing $34 million.

deBridge Token Unlock.
deBridge Token Unlock. Source: Cryptorank.

Unlock Date: April 22

Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)

Current Circulating Supply: 190 million

Total supply: 1 Billion SCR

Scroll is a Layer 2 solution built to improve Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.

On April 22, 40 million SCR tokens, valued at about $11.52 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. Its price is down roughly 46% in the last 30 days, with its market cap at $55 million, down from its peak of $265 in October 2024.

All 40 million tokens are allocated for airdrops.

Scroll Token Unlock.
Scroll Token Unlock. Source: Cryptorank.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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