Onyxcoin Price Struggles Despite a Green Week: Is XCN Crypto Dead?

XCN price action has featured several days in the green over the past week, and the most recent data showed it trading around the $0.003 mark, so it appears to be trading much closer to the bottom of its recent range.

XCN Price Is Green — So Why Isn’t Onyxcoin Moving?

The problem is persistence, as each time the gains lose steam before developing into a sustained move higher, resulting in Onyx crypto price staying in a range.

XCN’s Latest Price Action Shows a Lack of Follow-Through

Price moves more recently have been gradual; an August 16 analysis mentioned XCN was drifting on low volume and noted that it would be important for the asset to reclaim $0.003 for improving near-term momentum.

That being said, this token is capable of stringing several sessions in the green without confirming an uptrend, so buyers will need to defend gains above the nearby resistance level for a confirmed reversal.

The August Bounce Failed to Turn Into a Breakout

Historical records indicate that XCN closed around $0.00300 on August 1 and $0.00342 on August 3, although the price was not sustained. On 4 August, the token was trading around $0.00310 and traded around $0.00304-$0.00305 for the remaining week.