Distinguished symbol XCN rises by 35 % in 24 hours to lead the best winners

Xcn Crypto increased by approximately 36 % during the past day amid the exchange lists and noise on the launch of the coming products.

ONYXCOIN Code (xcnIt rose to the highest level during the day 0.0394 dollars, which prompted the market ceiling to more than 1.16 billion dollars from the last check Thursday afternoon, Asian time.

Today, Altcoin's weekly gains extended to more than 195 %, while its monthly gains increased to 1400 %, making it one of The best performance encryption assets During the past thirty days.

The XCN Rally accompanied the increase in demand and trading activity. Over the past 24 hours, the daily trading volume in Altcoin jumped by 60 % to more than 627 million dollars, while the open interest in the future contract market has increased by 73 % to the highest level ever of $ 38.98 million per plane as a length.

Why does XCN rise?

Xcn rose after ONYX Disturbed Next white paper and the release of the new Blockchain, The Unyx XCN LEDGER. The encryption assets usually tend to gather before the main ads that support the growth of the ecological system.

Moreover, the distinguished symbol was recently Running On Kraken Pro, enabling users to trade XCN with up to 20x financial lever.

In addition, the official Onyx account subscriber He was nominated to be included on Binance Next Pool, which allows users to predict music that will be listed after that in the Binance's Futures Market.

Crypto Ascendex also Declare Plans to include XCN, which has strengthened more bullish momentum.

The investor's demand for XCN also increased after the XCN community Pass OIP-52 after stability Long -term issues With HTX GLOBAL and Tron Founder Justin Sun. The suggestion that has not been published yet, SUN and HTX will see an active role in the onyx Dao governance.

"This OIP will enhance the ONYX protocol through the experience, experience and credibility brought by Justin Sun and HTX their participation in DAO," says part of the proposal.

XCN Technical Analysis

Distinguished XCN code increases by 35 % in 24 hours to lead senior winners - 1
XCN PRICE, 50 days and 200 days MA-30 January Source: Crypto.News

On the daily chart, the Xcn price has become equivalent and placed over the moving averages for 50 days and 200 days, which means that the purchase pressure is still rising. Usually, when MA is also 50 days higher than MA 200 days, assets tend to continue to collect them in the coming days.

Distinguished XCN code increases by 35 % in 24 hours to lead the best winners - 2
Xcn SuperTrend and CMF Chart - January 30 | Source: Crypto.News

Macd lines above indicate that the SuperTrend line remains less than the price of the original, both of which indicate that the upper trend is still strong. While the Chaikin money flow indicator has been positive, indicating a continuous flow of capital in the XCN market.

However, the Relative Power Index of the Distinguished Code has hovering in the area that exceeds 70 since 70 since January 15, which increases the possibility of withdrawal or possible unification if the momentum begins to buy.

Based on the current momentum, the XCN bulls are likely to target psychological resistance at $ 0.04 after that, then re -test of $ 0.047 resistance, which it failed to breach earlier this week.



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