Onyxcoin (XCN) showed a sharp shift in market structure during analyses conducted, driven by a collapse in exchange inflows and renewed whale accumulation. The change removed a large portion of visible sell-side supply and set a clear technical path toward a measured upside if key resistances break.
Exchange flow data recorded a drop in daily inflows from roughly 440 million XCN to about 33 million XCN over two days — a decline of ~90% — indicating that immediate sell-side availability on exchanges had effectively dried up. That supply contraction reduced the latent selling pressure that had capped rallies, creating a more favorable environment for price appreciation.
Concurrently, large holders increased exposure. Whale balances rose to around 42,53 billion XCN within a 24‑hour window during the 11–13 of jan. period, suggesting accumulation rather than distribution. This alignment between lower exchange inflows and rising whale holdings compressed circulating exchange supply and signalled strategic repositioning by large accounts.
Technical setup and targets
Chart studies from the 11–13 of january window showed XCN trading inside a falling‑wedge on the 12‑hour timeframe, a structure that often resolves with an upward breakout. Short‑term momentum indicators—bull‑bear power and a price holding above the 20‑EMA—favoured buyers, while the 50‑EMA was converging on the 200‑EMA, hinting at a potential golden crossover if the sequence continued.
Immediate resistance was identified at $0,0093, with stronger confirmation required above $0,0098. A confirmed close above $0,0098 would open a projected ~38% move toward $0,0124, based on measured targets from the wedge and prior breakouts.
Historical context supported the setup: a 6 of jan. analysis documented an OBV breakout and positive Chaikin Money Flow divergence during prior strength, while a 16 of may bull‑flag breakout showed the market’s capacity for multi‑leg rallies after reclaiming the $0,0041–$0,0043 demand zone.
Risk factors remain operational: the compressed exchange supply increases volatility, and concentrated whale positions amplify directional moves — both positive and negative. Traders should consider funding, open interest and typical derivatives skew when sizing exposure because rapid flows can produce sharp short‑term reversals.
Investors are now watching for a decisive close above $0,0098, which will serve as the ultimate test of the breakout thesis; success would target $0,0124, while failure to clear $0,0093 could return XCN to consolidation range risk. For active managers, the interaction of exchange inflows, whale behavior and the 12‑hour wedge will determine whether this setup evolves into a sustained trend or a short‑lived squeeze.
