Onyxcoin cryptocurrency is demonstrating an impressive rise, growing by 36% in the last 24 hours. In this article, we review the latest price changes, technical indicators, and potential alternatives for investors.
Current Onyxcoin Price Dynamics
Onyxcoin's price dynamics are impressive: the cryptocurrency rose from $0.01188 to $0.04796 last month. However, during the week, it encountered correction and traded around $38, with the current price at $0.03842.
Technical Indicator Analysis
According to trading indicators such as RSI, it's evident that Onyxcoin was actively traded in the overbought zone, twice exceeding the level of 70. This indicates a significant interest from traders, despite the recent drop to 54.
Potential Alternatives to Onyxcoin
Despite Onyxcoin's significant rise, some investors are looking for alternatives and are considering the Meme Index (MEMEX) project. Currently, this cryptocurrency is offered on ICO, with experts predicting a large growth potential.
Onyxcoin continues to attract attention with its steady growth. Traders should consider technical indicators and resistance levels. Those seeking new opportunities also consider alternatives like the Meme Index.
