Onyxcoin (XCN) Price Prediction for Today, March 15

Onyxcoin (XCN) has been struggling with a strong downtrend since January. The price keeps bouncing off the descending trendline on the 4-hour chart, showing consistent rejection.

Onyxcoin (XCN) price has been struggling with a strong downtrend since January. It keeps bouncing off a descending trendline on the 4-hour chart, showing that sellers are stepping in quickly at these levels to prevent any sustained rallies.

Right now, XCN is trading at about $0.013, which is slightly up by 0.84% for the day and still stuck below that troublesome trendline. We’ve also been seeing lower highs and lower lows form in the price action, which only strengthens the bearish outlook further.

Key Onyxcoin Resistance & Support Levels

The good news is that support around $0.011 has been tested a number of times since January but continues to offer support when needed. It has helped the price recover on a number of occasions.

Looking at key levels, resistance sits between $0.0135 and $0.014, which is where that descending trendline comes in. If XCN manages to break through the trendline and score a confirmed close (4-hour or daily) above it, we could see momentum shift toward the $0.016 to $0.018 range.

Yesterday’s candlestick showed some indecision, suggesting that bulls and bears are fighting for control at current levels. Trading volume has also been low, indicating weak buying pressure, which makes a breakout difficult for now. For any real upward movement, we’d need to see a high-volume push above the trendline.

Possible Scenarios For XCN Price Today

For today, two main scenarios seem possible. In the bullish case, if XCN manages to break above the descending trendline ($0.0135-$0.014) with strong volume, we could see a move toward $0.016 or higher in the short term. This would need confirmation from a 4-hour or daily candle closing above the trendline.

In the bearish case, if the price gets rejected at the trendline again, XCN could fall back to lower prices. It could even resume its journey down to $0.11 again.

XCN price movement also usually correlates with Bitcoin. If Bitcoin stays stable or moves up, XCN has a better chance of breaking the resistance and continuing higher. But if Bitcoin dips, XCN will likely follow suit and revisit lower support zones.