Onyxcoin (XCNUSD) Price Remains in Bullish Momentum

Onyxcoin (XCNUSD) Price Forecast: January 6

The XCNUSD pair is experiencing a surge in volatility and remains in a bullish momentum, driven by an increase in buying pressure. If the bulls reorganize and push higher, a further bullish breakout from the $0.0098 current value will accelerate the new correction phase to reach the $0.0115 upper resistance and beyond, signaling the potential for significant gains as the bull trend remains intact.

Key Levels:
Resistance Levels: $0.0095, $0.0096, $0.0097
Support Levels:    $0.0048, $0.0047, $0.0046

Onyxcoin (XCNUSD) Long-term Trend: Bullish (Daily Chart)

The Onyxcoin market is in a bullish posture and remains in an uptrend on the higher time frame, as seen from the chart below.
The high bullish impact on the crypto at the $0.0089 resistance level in the previous session has made the coin price remain in an uptrend lately.

The aggressive move by the bulls to a $0.0098 supply value above the EMA-50 lines as the daily chart opens today indicates that the XCNUSD price is bullish, and this may continue.

Thus, the bullish correction at the mentioned supply value returns the bulls to the market for the next increase.

Therefore, the token price would remain in an uptrend if the bulls could regroup and touch the $0.00100 high level.

This breakout will enable buyers a significant footing to bolster a further rally.

In addition, the daily stochastic indicates an upward trend, suggesting that the Onyxcoin price may continue to remain in an uptrend, which may likely reach the $0.0115 upper resistance level in its long-term outlook.

 

Onyxcoin (XCNUSD) Medium-term Trend: Bullish (4H Chart)

 

The XCNUSD price remains in an uptrend in the medium-term outlook, due to the high impact of long-term traders on the price flow.
The high bullish pressure on the asset in the past few days has sustained the coin price in an uptrend at its recent high.

The market price of Onyxcoin is currently trading at the $0.00972 resistance level above the moving average line. This means that the crypto price remains in an uptrend while the bulls are in control of the market at the moment.

Additionally, the daily stochastic shows an uptrend. Hence, if the coin buyers can break above the current supply trend line, buy traders may witness a new recovery rally, and this may likely reach the $0.0115 upper resistance mark in the medium-term perspective.

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