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Onyxcoin price is trying to stabilize after one of its sharpest corrections in months. The XCN coin has dropped nearly 60% between January 6 and January 31, following a massive 216% rally in late December and early January. Since then, price has been trading inside a falling wedge on the 12-hour chart, a pattern that usually signals weakening selling pressure.
At the same time, retail participation has slowed sharply, suggesting that many traders are staying cautious after the steep decline. Despite this…
