Connect with us
DAPA Banner

Crypto World

Onyxcoin Price Flashes Rally Setup as Whales Add 10 Billion XCN

Published

on

12-Hour XCN Price Structure

Onyxcoin price is trying to stabilize after one of its sharpest corrections in months. The XCN coin has dropped nearly 60% between January 6 and January 31, following a massive 216% rally in late December and early January. Since then, price has been trading inside a falling wedge on the 12-hour chart, a pattern that usually signals weakening selling pressure.

At the same time, retail participation has slowed sharply, suggesting that many traders are staying cautious after the steep decline. Despite this hesitation, large holders are moving in the opposite direction, pointing to a growing divergence between smart money and broader market sentiment.

Sponsored

Sponsored

Advertisement

Retail Focuses on Bearish Signals as Buying Activity Slows

On the 12-hour chart, XCN continues to trade inside a falling wedge after its 60% correction. While this structure is technically bullish, it is now being challenged by a potential bearish crossover between the 50-period and 100-period exponential moving averages (EMAs). If confirmed, this crossover would signal growing downside pressure and weaken the short-term recovery outlook.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

12-Hour XCN Price Structure
12-Hour XCN Price Structure: TradingView

This technical risk appears to be influencing retail behavior. Exchange flow data shows that buying activity has cooled significantly. In early January, daily exchange outflows peaked near 1.51 billion XCN, reflecting strong accumulation. By early February, outflows had dropped to around 13.16 million XCN, marking a decline of more than 99%.

Outflows Slowing Down
Outflows Slowing Down: Santiment

Falling outflows mean fewer coins are being withdrawn from exchanges for long-term holding. This usually signals reduced confidence and weaker dip-buying demand. In practical terms, retail traders are choosing caution over accumulation as bearish signals build on higher timeframes.

This slowdown in participation helps explain why the price has struggled to generate strong follow-through despite holding inside a bullish pattern. But something seems to be changing fast!

Sponsored

Advertisement

Sponsored

Whales Accumulate Aggressively as Cost-Basis Zones Limit Downside

While retail interest has faded, large holders have been accumulating aggressively. Over the past 24 hours, XCN whale wallets increased their holdings from about 42.5 billion XCN to roughly 52.19 billion XCN. That represents an addition of nearly 10 billion tokens (9.7 billion to be exact).

XCN Whales
XCN Whales: Santiment

At current prices, this accumulation is worth roughly $55 million, highlighting strong conviction from larger players.

This sudden buying behavior appears linked to favorable cost-basis zones. On-chain data shows a major demand cluster between $0.0052 and $0.0053, representing more than 5.2 billion XCN. This area acts as strong structural support, limiting downside risk even if the price weakens further.

Sponsored

Advertisement

Sponsored

Support Cluster
Support Cluster: Glassnode

On the upside, a major supply cluster sits between $0.0060 and $0.0061, containing around 4.9 billion XCN. If the price breaks through this zone, led by whale buying, it could trigger forced covering and fresh momentum.

Key Sell Wall
Key Sell Wall: Glassnode

Whales may be positioning early near support, betting that downside risk is limited while upside potential remains significant if resistance is cleared. And charts do show why the cluster on the upside might not be as strong as it looks.

Hidden Onyxcoin Price Divergence Explains Why Whales Are Positioning Early

The most important signal supporting whale optimism appears on the lower timeframe, which retail seems to have missed to date.

Sponsored

Sponsored

Advertisement

On the 4-hour chart, the XCN price has formed a bullish divergence between January 21 and February 3. During this period, price made a lower low, while the Relative Strength Index (RSI), a momentum indicator, formed a higher low. This pattern often signals fading selling pressure and early bounces on a shorter timeframe

At the same time, price is approaching the 20-period exponential moving average (EMA) on the 4-hour timeframe. This level has acted as a key trigger in the past. On January 28, a clean reclaim of this EMA led to an 18% rally within days.

A similar setup is now developing, but with a more layered, domino-like angle.

If the XCN price manages a sustained 4-hour close above $0.0057, which aligns with the EMA and short-term resistance, momentum could accelerate. The next target would sit near $0.0061. A break above this zone would clear the major supply cluster (discussed earlier) and open the door toward $0.0070 and potentially $0.0076 in a relief rally.

Advertisement
Onyxcoin Price Analysis
Onyxcoin Price Analysis: TradingView

This layered structure explains whale behavior. They are positioning near strong support, ahead of a possible divergence-driven breakout, while retail remains focused on higher-timeframe risks. The structure turns bearish only if the Onyxcoin price closes under $0.0052 on the 4-hour timeframe.

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Nexo Becomes the official digital asset partner of Argentina’s national football team in LATAM

Published

on

Nexo Becomes the official digital asset partner of Argentina's national football team in LATAM

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Nexo partners with the Argentine Football Association (AFA) ahead of the 2026 FIFA World Cup, reinforcing the company’s expansion in South America.

Advertisement

Summary

  • Nexo partners with Argentina’s national team as regional digital asset sponsor ahead of 2026 World Cup
  • The deal strengthens Nexo’s expansion in Argentina following Buenbit acquisition and local hub launch
  • Nexo and AFA formalize partnership in Buenos Aires, marking push into South American crypto market

BUENOS AIRES, Argentina, April 14, 2026Nexo, the premier digital assets wealth platform, today announced a partnership with the Argentine Football Association (AFA), becoming the Official Regional Digital Asset Partner of the Argentine National Football Team across South America ahead of the 2026 FIFA World Cup. 

The agreement deepens Nexo’s expansion in Argentina, where the company recently acquired the leading platform Buenbit and is establishing Buenos Aires as a regional hub with its local team.

Federico Ogue, CEO at Buenbit by Nexo, said: “Argentina’s national team represents the highest level of sporting excellence, built on talent, conviction, and an unrelenting will to win. At Nexo, we share that standard. As we grow our presence in Argentina and across South America, partnering with AFA is a statement of commitment to this region and the clients we serve here.”

Advertisement

Official partnership ceremony 

The partnership was officially launched at a gala ceremony in Buenos Aires, where Nexo and AFA executives signed the agreement before invited guests, media, and partners. The event marks the formal beginning of the collaboration ahead of the 2026 FIFA World Cup.

Leandro Petersen, Chief Commercial & Marketing Officer of the AFA, said: “We are excited to announce a new partnership with a strong global reach that aligns with the Argentine 

Football Association’s international growth strategy, which we have been building in recent years through agreements with leading companies in innovation and technology.  In this context, Nexo’s arrival as the Official Digital Assets Partner of the Argentine National Team reflects not only the growth of our brand globally but also the growing interest of international companies in partnering with Argentine soccer and one of the world’s most prominent national teams.

Success in elite sports, just as in business, is based on a clear strategy, discipline, and the ability to perform at the highest level when it matters most. Collaborating with partners who share this mindset allows us to continue expanding our ecosystem and create meaningful opportunities to connect our players, our brand, and millions of fans around the world.

Advertisement

Partnership activations

Nexo is starting a global ticket giveaway campaign for Argentina’s World Cup matches, open to new and existing clients. Signed squad shirts and co-created player content with Messi, Lautaro Martínez, Julián Álvarez, and Nico Paz will be distributed across the campaign window running from May through the end of the tournament. Nexo’s program will incorporate match-day experiences and squad merchandise, such as tier-linked rewards, connecting platform activity directly to the campaign.

Nexo is committed to global premium sport, serving as the Official Crypto Partner of the Australian Open and Summer of Tennis, the Official Digital Wealth Platform of the DP World Tour, and the Official Partner of the Audi Revolut Formula 1 Team.

Ahead of 2026 FIFA World Cup

The partnership adds a further dimension to Nexo’s U.S. relaunch. In February 2026, Nexo re-entered the United States market under a regulated framework, marking its first operational return to the country. Argentina arrives at the World Cup as reigning champions, competing across North American stadiums.

About Nexo

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Advertisement

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 199 jurisdictions. With over $8 billion in AUM and over $403 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

For more information, visit the official website.

About the Argentine Football Association (AFA)

Founded in 1893, the Argentine Football Association (AFA) is the governing body of football in Argentina and one of the oldest football associations in South America. AFA oversees the Argentine national team — the Albiceleste — three-time FIFA World Cup champions and current title holders, as well as the structure of Argentine club football.

Advertisement

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Source link

Advertisement
Continue Reading

Crypto World

Nauru Appoints Dadvan Yousuf Trade Commissioner for Crypto Push

Published

on

Nauru Appoints Dadvan Yousuf Trade Commissioner for Crypto Push

Nauru has appointed crypto entrepreneur Dadvan Yousuf as an international trade commissioner to help advance its digital asset strategy and attract global investment.   

In a statement on Tuesday, President David Adeang said the appointment is part of the Pacific nation’s efforts to strengthen international partnerships and position itself as a hub for virtual asset activity. The government said Yousuf will support cross-border engagement with virtual asset service providers, financial institutions and technology firms.

The move comes less than a year after Nauru passed legislation establishing the Command Ridge Virtual Asset Authority (CRVAA), a dedicated regulator tasked with licensing and overseeing crypto firms, digital banks and other virtual asset activities.

The appointment marks a shift from establishing Nauru’s crypto regulatory framework to actively promoting itself as a jurisdiction for digital asset companies and investment, as the country says it is seeking new revenue streams and greater economic resilience.

Advertisement

Yousuf has previously been linked to regulatory action in Switzerland. In 2023, the Swiss Financial Market Supervisory Authority (FINMA) said a crypto project he founded sold millions of dollars in tokens without the required license and described the platform as non-operational, issuing cease-and-desist orders.

Source: Republic of Nauru

Nauru expands crypto push with trade appointment

According to the United Nations, Nauru is a Pacific island state in Micronesia, northeast of Australia, with about 21 square kilometers of land and roughly 12,500 people, making it the world’s third-smallest country and smallest island nation.

Adeang said Nauru’s digital asset push is intended to improve economic resilience and living standards while committing to international governance and compliance standards.

He previously said in August 2025 that Nauru, ranked among the most vulnerable to economic and climate shocks, is seeking to change its trajectory through new economic strategies.

Related: IMF guides Andorra to record and monitor Bitcoin transactions

Advertisement

The appointment adds a new outward-facing element to that strategy by pairing Nauru’s regulatory ambitions with a known figure in crypto circles.

In the announcement, Adeang said Yousuf brings “a unique combination of entrepreneurial vision, international network, and deep understanding of digital asset markets.”

Yousuf had previously attracted attention in the crypto sector after raising a Bitcoin flag atop Mount Everest in 2024. The Bitcoiner said the expedition was intended to highlight disparities in access to financial education.

Nauru surfaced in FTX-linked memo before crypto push

Nauru previously surfaced in crypto headlines in 2023 after court filings in the FTX bankruptcy revealed a memo proposing the purchase of the Pacific island nation using allegedly misappropriated funds. 

Advertisement

The plan, linked to Gabriel Bankman-Fried, Sam Bankman-Fried’s brother, outlined building a bunker to survive a global catastrophe. However, Gabriel’s representatives denied involvement in drafting or endorsing the plan. 

Magazine: Should users be allowed to bet on war and death in prediction markets?