Onyxcoin (XCN) shows a stable price movement, following a specific pattern since April. This article examines current trends and potential scenarios for XCN in July 2025.
Current Onyxcoin Price Dynamics
The price movement of Onyxcoin follows a descending wedge pattern. Since early May, the price reached the upper band of this channel, and the current trend indicates a possible decline of 15-20% to the level of $0.012, corresponding to the last lower low in this pattern.
Potential Influencing Factors on Price
Despite the expected decline, the possibility of a rally in July cannot be ruled out, as various factors, including fundamental news about the project and overall market sentiment, may influence the price of Onyxcoin. If the market starts to show positive dynamics, it may lead to a breakout upward to the upper band of the channel.
Onyxcoin Prospects and Risks
The most adverse scenario for Onyxcoin would be a breakdown below the level of $0.0081, which could occur in the case of a sharp market downturn. Over the past six months, only January showed strong gains for Onyxcoin, while the other months closed with losses.
The analysis of current trends and potential factors indicates a challenging situation for Onyxcoin. The anticipated dynamics require monitoring of the market and news that may impact the token's price.
