Onyxcoin (XCN) has shown significant growth during April, with a 132% increase month-to-date and almost 10% in the past week. Trading volume has also surged, rising over 82% in the past day to $208.47 million, indicating increased interest and activity.

As the rally progresses, important momentum and trend indicators are changing. The RSI has decreased, BBTrend has turned negative, and XCN is currently testing a crucial support area. The upcoming movement will determine whether the breakout will continue or experience a deeper pullback.

Onyxcoin appears to be losing momentum as its RSI dropped to 63.21 from a recent peak of 75. Despite being in bullish territory, the decrease in RSI suggests a slowdown in momentum following a period of heightened buying pressure that led to its impressive performance in April.

The shift in Onyxcoin BBTrend to a negative reading of -5.53 after a brief positive period may indicate trouble ahead for the coin. This change suggests that sellers could regain control in the short term, potentially leading to a return to support levels unless there is renewed buying interest to reverse the trend.

Onyxcoin's price is currently above a critical support level of $0.020, which will be crucial in determining its future direction. The EMA lines are still bullish, indicating a positive trend in the broader perspective. If the $0.020 support holds, XCN could target resistance at $0.027 and potentially reach $0.030. However, failure to maintain this support level could lead to a bearish shift, with a possible decline to $0.016 and further down to $0.0139, representing a potential 35% correction from its current level.