Onyxcoin buyer makes a strong request with a height of XCN to $ 0.01

Onyxcoin has increased by approximately 30 % over the past 24 hours, as a wave of a wider encryption market is riding.

But besides the momentum at the market level, the data on the series indicates that the height of Xcn, the strongest in more than a month, is driven by real demand on altcoin.

ONYXCOIN gatherings, but there is hunting

The XCN rally of the two numbers was accompanied by an increase in the daily trading volume. It is $ 128 million at the time of the press, and it collides with 480 % over the past day.

When the price of the original and the trading size extend at one time, it indicates the interest of the strong market and momentum. This means More participants Xcn is actively traded and validated by price movement.

Moreover, the daily number of active addresses that Xcn traded today rose to the highest level in 60 days at 1646.

This height reflects the growing active headlines for retail and perhaps institutional interest in XCN. More wallets that usually deal with the distinctive symbol It suggests wider Share network and confidence, which can serve as a strong upward up signal.

However, not all merchants participate in these upward feelings. In xcn Futures The market, the expectations are constantly declining, as evidenced by the negative financing rate of the distinctive symbol. This is at its lowest level for two -month by -0.18 % at the time of the press.

The financing rate is a periodic fee that is exchanged between long and short traders in permanent futures to maintain the price of the contract in line with the immediate price.

When the asset financing rate is negative like this, short traders pay long traders. This indicates a landmark and that more Xcn merchants are betting on the price To fall.

XCN wipes the key barrier with accumulation growth – is 0.015 dollars the following?

Regardless of the broader recovery in the market, the price rise is also supported by a visual increase in the user’s participation in the series, indicating that Xcn merchants not only follow the noise, but also accumulate.

On the daily chart, xcn break Top of the resistance level of $ 0.01 – a two -week fracture price point. If this gathering continues, the Xcn price may rise to $ 0.015, which was reached on March 5.

However, if the market participants begin to achieve profits, XCN may climb its recent gains and reduce $ 0.011 support about $ 0.0075.