Onyxcoin (XCN) Tanks 22% as Traders Bet Against a Rebound

Onyxcoin (XCN) has extended its losing streak, plunging another 22% in the last 24 hours. It now trades at a 30-day low of $0.015. With a growing bearish bias toward the altcoin, its price may continue to drop. This analysis explains why.  Onyxcoin Traders Remain Bearish XCN’s persistent negative funding rate is a major indicator of the bearish bias against it. According to Coinglass, the... source: https://beincrypto.com/xcn-deline-may-continue/