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Onyxcoin price is down nearly 2% in the past 24 hours and remains locked in a steep downtrend. Between January 6 and February 6, XCN lost close to two-thirds of its value. After briefly rebounding from $0.0045 to $0.0059, the XCN price has started weakening again. On-chain data shows accelerating holder exits, while only one major support zone is still holding.
The question now is whether this is just consolidation or the start of another deep sell-off.
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