XCN: Whale Buys or Just Wishful Thinking?

by

Right, so Onyxcoin. Apparently, it’s still ‘moving’ – which is a polite way of saying it’s been having a bit of a moment. 97% up in a week? Sounds…optimistic. 🙄 But then, like all good dramas, it decided to subtract 36% just for kicks. Because why not?

It hasn’t completely fallen apart, thankfully. It’s just… taking a nap. A ‘bullish flag’ nap, apparently. Which I’m assuming involves tiny little bull flags and miniature blankets. Large holders, or ‘whales’ (because everything needs a cutesy nickname) are stepping in, which is good. Unless they’re just messing with us. Which, honestly, is entirely plausible.

Is it a Bullish Flag or Just a Very Tired Coin?

So, the charts are saying ‘bull flag.’ You know, those things? After a big jump, it settles down for a little breather. XCN is currently hovering near the top of this ‘flag’, which means…something’s building, probably. Maybe excitement? Or maybe just inevitable disappointment. 🤷‍♀️

Break above $0.0095 and BOOM – apparently a 218% jump. Easy, right? It’s always ‘easy’ on the charts.

Fancy more crypto ramblings? Sign up for Harsh Notariya’s newsletter. I’m not responsible for any financial decisions you make after reading it. Just saying. 😉

Moving Averages. The fancy lines that tell us… something. The 20-day one’s heading towards the 100-day one. Sounds promising. Unless it isn’t. Let’s not get ahead of ourselves.

And then there’s the 200-day EMA. Apparently, the price gets really excited when it touches that line. It’s like a little party for the price. Which, again, sounds utterly ridiculous, but here we are. Hovering near it again, we are. A clean move above it and… well, more excitement. Naturally.

Despite the 36% dip, it’s still consolidating. A consolidation, people! Not a full-blown collapse. Yet.

Whales and Dips – A Shady Affair

Apparently, rich people (aka ‘whales’) are buying. They scooped up nearly 290 million XCN tokens. Which is…a lot. Around $2.6 million, to be precise. They’re buying the dip, which is either clever or deeply suspicious. I’m leaning towards suspicious.

And people are not sending their coins to exchanges anymore. Genius! Or… they’re all planning something. I’m telling you, it’s all very cloak and dagger. 🕵️‍♀️Exchange inflows are down 97%. That says a lot. Or maybe nothing at all?

Less coins on exchanges, more in the hands of whales. Tight supply. Sounds… portentous.

Levels To Watch (If You Must)

Apparently, $0.0090 is important. Keeps things ‘intact’. Then $0.0095 is where things get really interesting. Break that, and…you guessed it, more excitement! And then, $0.0130. A local high. Highly local.

If it all goes south, $0.0083 is the line to watch. Cross that, and… well, don’t say I didn’t warn you. The abyss awaits.

So, Onyxcoin is… balanced. Whales are accumulating. Selling pressure is sleepy. Whether it explodes or gently deflates remains to be seen. Honestly, it could go either way. That’s the fun part, isn’t it? 🤷‍♀️

Read More

2026-01-11 03:13