Onyxcoin Faces Uncertain Future Amid Price Breakout

Onyxcoin (XCN) has recently attempted a 28% price increase, but concerns about its sustainability persist. According to NS3.AI, long-term holders have been consistently selling, indicating a decline in investor confidence. Additionally, the Chaikin Money Flow indicator reveals ongoing capital outflows. For Onyxcoin to mitigate downside risks, which could see prices fall to $0.0062 or lower, it must break and maintain a position above the critical resistance level of $0.0077.