Onyxcoin Whales Accumulate 10 Billion XCN as Retail Misses a Layered Rally Setup

Onyxcoin price is attempting to stabilize after a near‑60% correction that followed a prior 216% rally. Since the decline, price has been trading inside a falling wedge on the 12‑hour chart while retail participation has slowed sharply. Exchange outflows dropped over 99%, from about 1.51 billion XCN to roughly 13.16 million XCN, indicating weaker retail accumulation.

Over the past 24 hours, whale wallets increased holdings from about 42.5 billion to roughly 52.19 billion XCN, adding nearly 9.7 billion tokens; on‑chain data shows a demand cluster between $0.0052 and $0.0053 (more than 5.2 billion XCN) and a supply cluster between $0.0060 and $0.0061 (around 4.9 billion XCN).

A potential bearish crossover between the 50‑ and 100‑period EMAs on the 12‑hour chart could heighten downside risk, but the 4‑hour timeframe shows a bullish RSI divergence and an approaching 20‑period EMA.

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