The value of Onyxcoin (XCN) has decreased by about 10% in the last week following a significant 200% rise from April 9 to April 11. Indicators are suggesting that the bullish trend might be losing strength, evident in the RSI and ADX showing signs of weakening.

Even though XCN's EMA lines still show a bullish pattern, early indications of a possible reversal are emerging with the short-term averages starting to decline. The next few days will be crucial in determining whether Onyxcoin can stabilize and continue its ascent or if a more significant correction is looming.

Onyxcoin is displaying initial signs of stabilization, but the momentum remains uncertain. The Relative Strength Index (RSI) for XCN is currently at 43, indicating a neutral state with a gradual recovery. However, the lack of sustained buying pressure and RSI failing to surpass 50 still suggest some uncertainty in the market.

Regarding the Average Directional Index (ADX), it has decreased to 11, implying a weakening trend strength despite XCN still technically being in an uptrend. This trend might undergo a shift or stall if sufficient buying pressure doesn't strengthen it.

Although the EMA lines for XCN remain bullish, the short-term averages are sloping downward, hinting at a potential trend reversal. If a bearish crossover occurs with the short-term average falling below the long-term average, it could lead to a deeper pullback.

Key support levels to monitor for XCN are $0.016, $0.0139, and $0.0123. If bearish momentum persists, XCN could drop to $0.0109, marking a possible 38% correction from current levels. On the other hand, a breakout above the resistance at $0.020 could lead to a rally towards $0.027, representing a potential 55% upside.