尽管稳定更广泛的加密市场

尽管稳定更广泛的加密货币市场，Onyxcoin（XCN）仍面临持续的价格下降。加密货币曾经表现出承诺，未能摆脱其最近的下降趋势

Onyxcoin (XCN) price has faced continued price declines despite a stabilizing broader crypto market. The cryptocurrency, once showing promise with its rapid price gains earlier in 2023, has failed to break out of its recent downtrend, and its inability to do so is leaving investors skeptical of a recovery.

尽管稳定更广泛的加密货币市场，但Onyxcoin（XCN）的价格仍处于持续的价格下降。加密货币曾经在2023年早些时候以其快速价格上涨表现出承诺，但未能摆脱其最近的下降趋势，其无能为力就是使投资者怀疑恢复。

This negative momentum is reflected in the Chaikin Money Flow (CMF) indicator, which shows a buildup of outflows over the past few weeks, with the most significant increase hitting a 7-month high. This suggests that XCN holders are becoming more cautious, pulling funds as they lose confidence in the cryptocurrency’s short-term prospects.

这种负动量反映在Chaikin货币流（CMF）指标中，该指标显示了过去几周流出的堆积，最显着的增加达到了7个月的高点。这表明XCN持有人在对加密货币的短期前景失去信心时会变得越来越谨慎。

However, despite some positive movements in the broader market, which is slowly shifting from a strong selloff to a period of consolidation, Onyxcoin has not benefitted from the trend. This investor behavior suggests that, without a significant shift in sentiment, the altcoin may continue to struggle to find upward momentum.

但是，尽管在更广泛的市场中有一些积极的变化，该市场正在逐渐从强大的抛售到一段巩固时期，但Onyxcoin并未从趋势中受益。这种投资者的行为表明，如果没有重大的情感转变，Altcoin可能会继续努力寻找向上的动力。

Onyxcoin Investors Are Skeptical

Onyxcoin投资者持怀疑态度

The Network Value to Transactions (NVT) Ratio for Onyxcoin recently hit a two-month high, signaling potential overvaluation. The NVT ratio, which compares network activity to transaction activity, integrates the total value of the network, in this case, the total market cap of Onyxcoin, to the transactional volume over a specific period.

Onyxcoin的网络价值（NVT）比率最近达到了两个月高的信号电位高估。将网络活动与交易活动进行比较的NVT比率整合了网络的总价值，在这种情况下，Onyxcoin的总市值与特定时期内的交易量。

This increase suggests that the hype surrounding XCN is not being matched by actual transactional support. When network activity, measured by market cap, significantly outpaces transactional volume, it often precedes corrections or periods of consolidation.

这一增加表明，XCN周围的炒作与实际交易支持不匹配。当通过市值衡量的网络活动大大超过交易量时，它通常在校正或合并期间之前。

This situation indicates that while Onyxcoin may be receiving attention in the market, that interest has not translated into tangible support. This lack of alignment between market enthusiasm and actual trading suggests that XCN is not currently positioned for strong growth.

这种情况表明，尽管Onyxcoin可能会在市场上受到关注，但这种兴趣并未转化为有形的支持。市场热情与实际交易之间缺乏一致性表明，XCN目前尚未为强劲的增长而定位。

XCN Price Depends On Broader Market Cues

XCN价格取决于更广泛的市场提示

Onyxcoin’s price is currently testing the lower edge of its descending channel pattern, with crucial support holding at $0.0120. A slip below this level could see the altcoin retest the $0.0100 support, delaying any signs of recovery.

Onyxcoin的价格目前正在测试其下降频道模式的下边缘，至关重要的支撑量为0.0120美元。低于此级别的单据可能会使Altcoin重新测试$ 0.0100的支持，从而延迟恢复的任何迹象。

If the broader market shows no immediate signs of facilitating a strong recovery for XCN, then a continuation of the downtrend seems more likely. With the Chaikin Money Flow showing a buildup of outflows and the NVT Ratio reaching a two-month high, the technical indicators also suggest that XCN’s price may come under further pressure before any significant gains can be made.

如果更广泛的市场没有立即促进XCN的良好复苏的迹象，那么下降趋势的延续似乎更有可能。随着Chaikin的货币流量显示出流出的积累，NVT比率达到了两个月的高度，技术指标还表明，XCN的价格可能会面临进一步的压力，然后才能取得重大收益。

For the bearish outlook to be invalidated, we would need to see Onyxcoin reclaim $0.0120 as support and break free from its current channel pattern. A rise above $0.0150 could signal a recovery and lead to further gains, but until then, the altcoin remains at risk of further declines.

为了使看跌的前景无效，我们需要看到Onyxcoin回收$ 0.0120作为支持，并摆脱当前的频道模式。高于$ 0.0150的上升可能标志着恢复并导致进一步的增长，但在那之前，山寨币仍处于进一步下降的危险中。