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I just noticed that XCN has surged strongly in the recent period - there was a real bullish wave reaching about 39% at one point. But now the situation is a bit different, the price has pulled back slightly, and the market is testing sensitive levels.
The key point I focus on is the $0.0055 level - this was a strong support level for Onyxcoin, and the real question: can XCN maintain it or will it drop further? The current price is around $0.01, which means there is room to move in both directions.
I see that XCN needs to establish a solid foundation before trying to rise again. The technical indicators are not very clear at the moment, but if it breaks below $0.0055, we might see increased selling pressure. But if it stabilizes above it, there is a possibility of retesting previous highs.