The price of an oniccon dives as a graph of points to more than 55% of the underside

Token Onikcoin returned some of the gains that made last week as profit for investors and wait for the next catalyst.

Onixxcoin (KCN) The price dropped low from $ 0.0170, 16. April, over 37% of her highest point this month.

The current fall is probably due to investors who sell news after Binac Futures cited the token. Historically, cryptocurrencies are mitted after the main exchange, then pull backwards after listing live.

Onyxsoin also refused because the network did not make any titles after the last week’s list of bynance. As such, some investors who benefited from rally began to book a profit.

The KSCN price also dropped while the total value locked in its ecosystem continues to fall. Data showing That Onik currently has only $ 123,990 in total assets, down from last week’s week of $ 146,000. It makes it a small player in the layer-1 industry, which has over $ 90 billion in total assets.

Daily Trading Volume in Onykscoin also strayed in the last few days. The CoinMarketCAP data shows that the volume slid for 30% to $ 93 million, down $ 600 million last week. Most trading activities occur for exchange such as waiter, bitgets and MEKSCs.

TECHNICAL ANALYSIS OF PRICE PRICE ONIKCOIN

KSCN Prices Chare | Source: Cripto.news

The daily shows that the XCN token was in a narrow range before the last week’s increase, the sign was in the ACCUMULATION phase of VickOff theory. He then entered the Market phase, which was characterized by a parabolic move that pushed it above 50% of the Fibonaci retractor levels.

She has now moved to the distribution phase, characterized by a larger supply of demand. This sales pressure usually comes from panic traders who bought during the climb.

Onikscoin also fell under a strong rotating point of turning the mathematical lines to 0.0183 dollars. Therefore, the coin will probably continue to fall while the sellers targeted low $ 0.00755, which is about 55% lower than the current level.

However, the risk of the shortening of the KSCN is that this often phases the parabolic moves. For example, that increased by 150% on the 24-hour session in January. She also jumped Another 35% A few days later.