Whale Continues Accumulating Onyxcoin (XCN) During Price Correction

Onyxcoin (XCN) has recently experienced a significant decline of up to 60% after a substantial price surge. Nevertheless, recent data shows very intriguing buying activity at the current price level. XCN is now trading at $0.01 with a 24-hour increase of +3.46%, indicating a stabilization trend following previous selling pressure.

Massive Whale Accumulation at Key Levels

An interesting phenomenon occurs as many retail traders have significantly reduced their buying activity. Meanwhile, whales (large investors) are engaging in intensive accumulation, gathering nearly 10 billion XCN. This behavior indicates strong confidence in the key support level around $0.0052, suggesting that whales see attractive value opportunities at this price level.

Whale accumulation activity reflects a long-term strategy that contrasts with the currently pessimistic retail sentiment. Data from NS3.AI confirms ongoing accumulation volume, making whale activity a crucial factor in the current XCN market dynamics.

Technical Setup Indicates Potential Price Reversal

From a technical perspective, chart indicators show a very interesting pattern to watch. On the 4-hour timeframe, a bullish divergence is forming, a signal often preceding upward price movement. This divergence indicates that although the price remains at a depressed level, buying momentum is beginning to show strength.

The combination of aggressive whale accumulation and a breakout setup not yet fully exploited by retail investors creates an intriguing scenario. If the support at $0.0052 holds and volume continues to support, this setup could become a significant turning point for Onyxcoin’s price movement ahead.