Ah, Onyxcoin (XCN), that cheeky sprite, once again flutters into the gaze of our eager traders! Presently pirouetting near the humble sum of $0.0105, this merry coin hath taken a modest tumble of over 33% these past three moons, yet boasteth a grand yearly ascent above 700%. Quelle surprise!
This long, winding ascension doth compel many a hopeful speculator to squint once more at the charts, where now doth appear a familiar technical masque-a setup promising a new fracas of rally, provided, of course, that one certain signal doth consent.
Behold! The Whales, Those Noble Sea-Beasts, Venture Despite the Dismal Dip
Whilst the common rabble cool their ardor, those majestic whales have quietly amassed their treasure. Since the 29th of August, gigantic coffers have heaved forth some 120 million XCN tokens, a trifle worth some $1.27 million by today’s humble reckoning. Pray, note well-these acquisitions occurred whilst prices slithered downward! Truly, these leviathans bet betimes upon the rebound! 🐋
This peculiar habit of buying the dip hath oft preced’d grand recoveries in these cryptic markets, signaling a confidence possessed solely by those with the mightiest purses, even as all others tremble at the weakening price.
But pray, what secret vision have these whales, unseen by us landlubbers? The enigma shall unravel anon.
Wouldst thou entreat more tokens of wisdom like these? Attend Editor Harsh Notariya’s Daily Crypto Missive posthaste!
Fractals, Those Cheeky Troubadours, Sing Their Familiar Song of Bullish Divergence and Promise of Rally
What doth set traders’ hearts aflutter is a recurring pattern most cunning: a bullish divergence! ’Tis when price makes a lamentable low, yet the Relative Strength Index (RSI)-that herald of momentum-lifts its chin to a higher low. This, my friends, doth announce that sellers grow faint of heart even as price labors downward.
The current XCN price doth court such fate once more.
- From March 28 to April 6: Price sank to new depths whilst RSI graciously ascended. After a brief dalliance with correction, XCN soared from $0.007 to $0.027-a nearly 285% pirouette!
- June 14 to 22: A kindred divergence emerged from yonder fog. Post-consolidation, prices doubled from $0.01 to $0.02 with theatrical flourish.
And now, amid the days of August 15 to 25, the very same chorus hath returned. Prices corrected anon, yet if history’s pen doth not falter, a fresh 100% gala may soon begin. Yet hark! Both prior spectacles awaited the grand entrance of buyers’ dominance, heralded by the Bull-Bear Power indicator daubed green-the oracle’s sign we keenly await. Patience, dear players! This play’s act shall not open with haste.
XCN Price Levels: A Comedy of Supports and Resistances
The chart hath declined since July, and thus the Fibonacci retracement, that wise old sage, charts our path. The key is to hold firm above $0.010-lose this bastion and thou risk uncovering supports near $0.0093 and the tragic depths of $0.0075.
On the brighter stage, resistance first appears at $0.0125. Should the bulls break this barrier, the way to $0.02 opens-a point tested and tried in past revels. And if our brave bulls yet outrun $0.02, the loftiest summit of $0.027 beckons, echoing the grand March spectacle.
In brief, dear interlocutors, whale accumulation entwined with familiar divergence weaves a bullish tapestry for XCN. Yet without the blessed confirmation, it remains but potential-a shadow play. Should the price tumble beneath $0.009, all hopes might dissolve like a poorly-written sonnet.
Embrace the farce, and may fortune’s favor be your muse! 🎭
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2025-09-02 20:42