The XCN price has dropped by 7% today and seems to end this month, which is somehow expected given the price well recovered this month.
With this in mind, we asked the AI to predict the XCN price for May because the token is now negotiating $ 0.0185.
Where is XCN now
The price of XCN is around $ 0.018 after rebounding 80% in April compared to its hollows of $ 0.010. In January, XCN saw a massive 18x pump that could not last. February and March brought heavy drops.
Bitcoin is well at $ 94 to 95,000, which generally helps small parts like XCN. The market is slightly positive now, better than in early April.
XCN recently launched new products like Goliath Mainnet and Onyx Smart Wallet. These have created a little buzz, but the excitement cools. The RSI went from 75 to 63, showing less purchase pressure.
Some large traders are currently betting against XCN with negative financing rates. The data on the chain show that the purchase pressure is still quite low.
The key price levels to be monitored are $ 0.0182 for support and $ 0.0237 for resistance.
Read also: why onyxcoin (xcn) could be altcoin that everyone regrets ignorance
XCN price prediction: which could bring
If Bitcoin remains strong or grows towards $ 100,000, and people really use the new intelligent ONYX portfolio, XCN could continue to increase.
The first target would be about $ 0.023 to $ 0.025, around 30% higher than now. If XCN exceeds this with a good volume of trading, it could reach $ 0.029 to $ 0.032, which would be 60 to 75% higher.
For this to happen, Bitcoin must remain above $ 90,000 and the smart wallet should attract real users, not just overhaul. The volume of trading must also resume.
But if bitcoin cools or if people become cautious on small parts, the XCN price could quickly lose steam. It could drop to $ 0.0,155 to $ 0.016, around 10 to 15% compared to the current price. If the Empire sale, XCN could fall to approximately $ 0.0135, a drop of 25 to 30%.
In the worst case – although this probably only happens if Bitcoin is blocking – XCN could return to $ 0.010 to $ 0.011, its April stockings. This can happen if the bitcoin falls below $ 90,000 or if the launch of the smart portfolio does not go well.
The recent price resumption seems more motivated by exchanges than by people who buy and hold XCN. This makes it risky if the mood of the market suddenly changes.
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