Onyxcoin (XCN) has experienced a 16% decline over the past week, but has seen a commendable 52% increase in the last month. The Relative Strength Index (RSI) for XCN currently stands at 40.1, indicating a mild bearish trend without reaching oversold levels.

In contrast, the Average Directional Index (ADX) has dropped to 15.1, showing a decrease in the strength of the downtrend and suggesting a period of low momentum. While facing a bearish trend, the Exponential Moving Average (EMA) lines hint at a potential challenge to key resistance levels and a potential surge of up to 30% by March if bullish momentum gains traction.

XCN's RSI has maintained a neutral position since February 12, hovering at 40.1 for the past 5 days without dipping into oversold territory below 30. This indicates a mild bearish trend staying under the neutral 50 mark, with a possibility of consolidation or weakening bearish pressure.

The ADX for Onyxcoin, built on Arbitrum, sits at 15.1, down from a recent peak of 29.4, signaling a diminishing downtrend. Despite the price still being in a downtrend, the declining ADX suggests a weakening bearish movement and a potential slowdown in selling pressure.

With the recent surge and subsequent decline, Onyxcoin's EMA lines suggest a prevalent bearish trend, albeit with reduced downward pressure. The potential for a shift in market sentiment is highlighted, with a possibility of challenging resistance levels and aiming for a 30% surge if bullish momentum strengthens.