Onyxcoin (XCN) has faced continued price declines despite a stabilizing broader crypto market. The cryptocurrency, once showing promise, has failed to break out of its recent downtrend, leaving investors skeptical of a recovery.
This negative momentum is reflected in the ongoing market behavior and weak investor sentiment.
Onyxcoin Investors Are Skeptical
The Chaikin Money Flow (CMF) indicator reveals that Onyxcoin has been experiencing increasing outflows over the past few weeks, with the most significant rise in outflows hitting a 7-month high
source: https://beincrypto.com/xcn-onyxcoin-is-struggling-to-breakout/