The Layer 1 (L1) sector is down
Onyxcoin is part of the Layer 1 (L1) sector, which is −5.2% today. XCN is moving with its sector.
Layer 1 (L1) sector →
why / xcn
Why is Onyxcoin down today?
Onyxcoin (XCN) is down 6.0% in the last 24 hours, trading at $0.00383. Its sector, Layer 1 (L1), is −5.2% today. That is 1.5% worse than the whole crypto market (−4.5%), so part of the move is specific to Onyxcoin.
XCN 24h−6.02%
Whole market 24h−4.49%
Bitcoin 24h−4.85%
Link to BTC (30d)-0.03
Volume vs normal—
Layer 1 (L1) sector−5.25%
signals
What is moving Onyxcoin
Strongest signals first.
Doing worse than the market
The total crypto market is −4.5% in 24 hours. XCN is −6.0%, 1.5% worse than the market, so part of the move is specific to Onyxcoin.
Why is the crypto market moving? →Lowest price in 30 days
XCN at $0.00383 is below every daily close of the past month (previous low $0.00389). Breaking a recent low can trigger stop-loss selling.
Moving on its own, not with Bitcoin
Over the last 30 days, XCN's daily moves had a -0.03 correlation with Bitcoin (1 means identical direction). That is low: XCN has mostly moved on its own lately, while Bitcoin is −4.9% today.
Bitcoin price →Weak month
XCN is −5.0% this week and −18% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of XCN positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Onyxcoin
faq
Questions
Why is Onyxcoin down today?
Onyxcoin (XCN) is down 6.0% in the last 24 hours, trading at $0.00383. Its sector, Layer 1 (L1), is −5.2% today. That is 1.5% worse than the whole crypto market (−4.5%), so part of the move is specific to Onyxcoin.
Will Onyxcoin go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: XCN is −5.01% over 7 days and −17.90% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, XCN's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.