Connect with us

Market

Onyxcoin (XCN) Price Signals a Potential Rebound After 45% Drop

Published

on


Onyxcoin (XCN) is down over 45% in the last 30 days, following a historic surge at the end of January. After being one of the most trending altcoins earlier this year, XCN is now showing signs of cooling off.

Both momentum and trend indicators point to weakening bearish pressure, suggesting that a shift could be forming. Here’s a look at the technical outlook and what could come next for Onyxcoin.

XCN RSI Has Been Neutral For One Week

Onyxcoin’s RSI is currently at 41.7, down from a peak of 55.6 three days ago.

The RSI has remained in a neutral zone for the past week, fluctuating between 41 and 55, without showing a strong bullish or bearish trend.

XCN RSI.
XCN RSI. Source: TradingView.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.

Readings above 70 typically indicate overbought conditions, while readings below 30 suggest oversold conditions. With XCN’s RSI now at 41.7, it suggests mild bearish pressure but not enough to confirm an oversold market.

This could indicate that XCN is in a consolidation phase, and traders may be waiting for a stronger directional signal before committing to a trend.

Onyxcoin ADX Shows The Current Downtrend Is Fading Away

Onyxcoin’s ADX is currently at 8.33, dropping from 14.7 just two days ago.

This sharp decline signals a further weakening of trend strength as the token remains in a downtrend but with reduced momentum behind the move.

XCN ADX.
XCN ADX. Source: TradingView.

The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. Values above 25 indicate a strong trend, and values below 20 point to a weak or non-trending market.

With XCN’s ADX now at 8.33, this suggests that the ongoing downtrend is losing steam. The price could remain range-bound or experience smaller movements until momentum returns.

Without a pickup in ADX, traders may see continued sideways or choppy price action in the short term.

Will Onyxcoin Reclaim $0.020 In March?

Despite being one of the most trending altcoins in 2025, Onyxcoin price has corrected by 42% over the past 30 days.

If this downtrend continues, XCN could retest the key support at $0.01. A breakdown below this level would mark the first time the token has fallen below $0.01 since January 17, before its major surge earlier this year.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

However, as indicated by the weakening ADX, the current downtrend is losing strength, potentially opening the door for a rebound.

If Onyxcoin regains momentum, it could challenge the resistance at $0.0149, and a breakout could push the price toward $0.017. Should Onyxcoin recover its strong bullish trend from late January, it could rise as high as $0.022, breaking above $0.02 for the first time since March 3.

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.



Source link

Market

Analyst Reveals Next Major Support

Published

on


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Este artículo también está disponible en español.

Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level. 

XRP Price Could Drop To $1.90 If It Loses $2 Support

In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42 threshold appears imminent as XRP nears a formidable resistance zone. 

Related Reading

MadWhale further stated that the downward move is expected to extend to at least $1.9, representing an 18% decline. The analyst added that such a price decline aligns with the primary target and a key daily support level. Crypto analyst Ali Martinez had also suggested that XRP could drop to as low as $1.2 if it loses the $2 support. 

XRP
Source: MadWhale on Tradingview

The analyst revealed that the XRP price was forming a head-and-shoulders pattern on the weekly chart, which puts the $2 support level in the spotlight. His accompanying chart showed that the crypto could drop to $1.2 if it breaks below $2. However, despite this bearish outlook, other crypto analysts, such as Egrag Crypto, have highlighted some positive aspects of the XRP price. 

Egrag Crypto stated that the XRP price’s dominance was showing tremendous strength and predicted that if it successfully closed above Fib 0.5, it could soon rally to the Fib 0.888 level. Crypto analyst Dark Defender predicted that XRP could rally to a new all-time high (ATH) if it continues to hold the crucial support levels at $2.04 and $2.22.

The Altcoin Still In Waiting Mode

Crypto analyst CasiTrades stated that the XRP price is holding strong but is still in waiting mode. She added that the bullish structure remains intact, with the altcoin holding above $2.26, which is the key .382 retracement support. The analyst noted that XRP’s price has spent some time flipping the consolidation to support, indicating that markets are setting up for the next move.

Related Reading

The crypto analyst revealed the $2.70 and $3.05 resistance levels and $2.25 support level as the key levels to watch. She remarked that the XRP price needs to flip $2.70 and $3.05 to become support for the confirmation of the next wave up. Meanwhile, CasiTrades suggested that XRP risks dropping to as low as $1.54 if it loses the lower support support at $1.90. 

The crypto analyst also mentioned that the price needs to break above $3.40, its current ATH, to confirm a new trend. Until then, the wait for signs of confirmation continues, which she claimed may not be obvious until wave 3 in the market cycle. CasiTrades asserted that key Fib levels have been breached, and the market is on the edge of a breakout. 

At the time of writing, the XRP price is trading at around $2.29, down over 2% in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Medium, chart from Tradingview.com



Source link

Continue Reading

Market

Bubblemaps (BMT) Surges 100% After Binance Listing and Airdrop

Published

on


Binance is listing Bubblemaps (BMT), causing a 100% rally for the newly launched altcoin. The exchange also put BMT in its HODLer Airdrops program, further driving engagement and market interest.

BMT will provide key benefits to Bubblemaps, powering its analysis platform and allowing increased community participation in its research and investigations.

Binance to List and Airdrop Bubblemaps (BMT)

Bubblemaps, a renowned blockchain analytics platform, has been building its BMT token for months now. In January, it announced an upcoming token launch, and Binance hosted the TGE on PancakeSwap one week ago.

Now, Binance is listing BMT and adding it to the HODLer Airdrops program.

“Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products… will get the airdrops distribution. Binance will then list BMT at 2025-03-18 15:00 (UTC) and open trading,” the firm claimed in an announcement.

As the world’s largest crypto exchange, Binance listing always tends to boost token valuations. The exchange has also recently announced a new listing process based on community votes and interest.

At the time of writing, BMT price is up nearly 100% today, and its daily trading volume has surged 230%. Current market sentiment suggests significant hype and speculative around the new token.

bubblemaps BMT price chart
Bubblemaps (BMT) Price Chart. Source: TradingView

Bubblemap’s data analytics tools have been instrumental in investigating crypto crimes, and it’s opening these to community participation. BMT holders will be able to submit cases and vote on on-chain research priorities through the new IntelDesk feature, helping decide new goals.

Meanwhile, BMT is the 12th asset to be in Binance’s HODLer Airdrops program. This program rewards BNB holders by periodically distributing free tokens from new projects.

This is mutually beneficial for both parties; Binance can reward its loyal users, and the exposure gives these new projects a real notoriety boost.

Ultimately, Bubblemaps’ token getting listed on Binance seems like a win for everybody. Sophisticated crypto investigations can be a thankless business, and BMT’s success directly subsidizes the platform’s work.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

StilachiRAT Malware Targeting Digital Wallets

Published

on


Microsoft’s incident response team has discovered a new remote access trojan (RAT) called StilachiRAT that poses a serious threat to cryptocurrency users.

StilachiRAT can collect system information, steal login credentials, and extract data from digital wallets. Although it has not yet spread widely, its potential impact worries the crypto community.

How Does StilachiRAT Threaten Crypto Investors?

StilachiRAT is more than just another malware—it represents an evolution in cyber threats targeting digital assets.

Microsoft reported on March 17 that once StilachiRAT infiltrates a system, it begins reconnaissance. It gathers details about the operating system, hardware identifiers, camera presence, and active Remote Desktop Protocol (RDP) sessions. Then, it focuses on stealing credentials stored in Chrome and data from the clipboard, where users often copy passwords or wallet keys.

This trojan specifically targets 20 cryptocurrency wallet extensions on Google Chrome. Some well-known wallets at risk include Metamask, Trust Wallet, Coinbase Wallet, TronLink, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, and Phantom.

“StilachiRAT targets a list of specific cryptocurrency wallet extensions for the Google Chrome browser. It accesses the settings in the following registry key and validates if any of the extensions are installed,” Microsoft warned.

Microsoft’s report highlights StilachiRAT’s advanced anti-forensic capabilities. It can delete event logs and assess system conditions to avoid detection.

To mitigate the threat, Microsoft advises users to download software only from official sources and avoid suspicious websites or attachments. Enabling real-time protection in Microsoft Defender and using browsers with SmartScreen can help block malicious sites.

Additionally, Microsoft recommends enabling multi-factor authentication (MFA) and regularly updating software to minimize risks.

“In some cases, remote access trojans (RATs) can masquerade as legitimate software or software updates. Always download software from the official website of the software developer or from reputable sources,” Microsoft advises.

According to Chainalysis’ 2025 Crypto Crime Trends report, illicit cryptocurrency transactions range from $40 billion to $50 billion annually. These funds are stolen through various methods, including ransomware and malware attacks.

Total Cryptocurrency Value Received by Illicit Addresses (2020 - 2024
Total Cryptocurrency Value Received by Illicit Addresses (2020 – 2024). Source: Chainalysis

Chainalysis estimates that the volume of illicit crypto transactions in 2024 could exceed $51 billion, with an average annual increase of 25% between reporting periods.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io