Whales load up on Onyxcoin – Will XCN break $0.03 or stall below…

Key Points

1. Onyxcoin (XCN) posted a 15% daily gain, pushing its market cap above $500 million, with a 77% increase in daily trading volume to $88 million.

2. XCN broke out of a descending wedge pattern after six months, reaching $0.01518, with potential support now at $0.014.

3. On-chain data showed 1.78 billion XCN transferred in 24 hours, with $31 million in transaction value, suggesting strategic accumulation by large holders.

4. Whale activity dominated the spot market, with large buy volumes clustering at $0.0144 before the breakout, and the Spot Taker Cumulative Volume Delta turning green.

5. The next resistance level for XCN is at $0.03, but maintaining above $0.015 is crucial for further upward movement.