Onyxcoin (XCN) experienced a significant downturn of over 50% in February following an impressive surge of nearly 2,000% from January 13 to January 26. While the current trend is on a decline, recent indicators are sending slightly conflicting signals. The RSI has maintained a neutral position for the past nine days, while the ADX suggests a weakening downtrend.

Currently, XCN is hovering between a resistance level at $0.017 and a support level at $0.0143, with EMA lines displaying a bearish pattern. The future direction of the price hinges on whether there will be a resurgence in momentum or if selling pressure persists, pushing XCN towards lower support levels.

Onyxcoin's RSI stands at 43.2, down from its recent peak of 68.9 recorded on March 2. The RSI has been fluctuating between 45 and 46, indicating a neutral stance without a clear upward or downward trend. The ADX for XCN is at 16.8, down from 36.6 three days earlier, signaling a diminishing strength in the trend, in line with the recent downtrend.

The asset could potentially dip below $0.014 soon if the current downtrend persists, with the $0.0143 support level being a crucial point to watch. However, with the weakening downtrend suggested by ADX, a reversal might be on the horizon if buying momentum picks up, potentially testing resistance at $0.017 and aiming for higher levels thereafter. In a scenario mirroring the momentum seen in January, XCN could surge as high as $0.0264 if a robust recovery is initiated.