Onyxcoin (XCN) Shows Early Reversal Signs as Whales Add Exposure

[cryptoenthusiast]

Onyxcoin (XCN) has also seen quiet accumulation, with whale holdings rising by 120 million tokens in one day — roughly $612,000 in added exposure, according to data from Santiment. Unlike SNX, XCN’s buying comes despite recent weak price action, suggesting whales may be positioning ahead of a potential reversal rather than chasing momentum.

The chart reveals bullish divergence: while price formed a lower low, the Relative Strength Index (RSI) printed a higher low — a classic signal of fading selling pressure. A breakout above $0.0065 could open a move toward $0.0098, representing nearly 92% upside. However, a decline below $0.0045 would weaken the reversal case and risk further downside.

[kevin1]

$612k in whale buys isn’t massive tbh. context matters.