{"id":51168,"date":"2025-04-23T13:03:13","date_gmt":"2025-04-23T13:03:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/onyxcoin-xcn-price-up-14-to-0-01945-but-negative-funding-rate-signals-trouble\/"},"modified":"2025-04-23T13:03:13","modified_gmt":"2025-04-23T13:03:13","slug":"onyxcoin-xcn-price-up-14-to-0-01945-but-negative-funding-rate-signals-trouble","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/onyxcoin-xcn-price-up-14-to-0-01945-but-negative-funding-rate-signals-trouble\/","title":{"rendered":"Onyxcoin (XCN) price up 14% to $0.01945, but negative funding rate signals trouble"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-6-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-6-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Key support level at $0.0182 remains at risk.<\/li>\n<li>Negative funding rate indicates rising short bets.<\/li>\n<li>The funding rate for XCN futures has recently turned negative, a signal that more traders are opening short positions.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"121\" data-end=\"608\">Onyxcoin (XCN) is trading at $0.01945 at the time of writing, showing a 24-hour gain of 14%.<\/p>\n<p class=\"\" data-start=\"121\" data-end=\"608\">But this uptick has not been enough to revive investor confidence in the altcoin\u2019s medium-term outlook.<\/p>\n<p class=\"\" data-start=\"121\" data-end=\"608\">The broader crypto market has seen some recovery, but XCN remains on a knife\u2019s edge, struggling to hold above the key support level of $0.0182.<\/p>\n<p data-start=\"121\" data-end=\"608\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-297828\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/04\/XCN.jpg\" alt=\"\" width=\"1451\" height=\"616\"\/><\/p>\n<p data-start=\"121\" data-end=\"608\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/onyxcoin\/\">CoinMarketCap<\/a><\/p>\n<p class=\"\" data-start=\"121\" data-end=\"608\">If this threshold is breached, the price could fall to $0.0150 \u2014 a two-week low that risks intensifying the current bearish sentiment.<\/p>\n<p class=\"\" data-start=\"610\" data-end=\"1026\">The funding rate for XCN futures has recently turned negative, a signal that more traders are opening short positions.<\/p>\n<p class=\"\" data-start=\"610\" data-end=\"1026\">This means that investors are betting on further price declines.<\/p>\n<p class=\"\" data-start=\"610\" data-end=\"1026\">A negative funding rate typically reflects market pessimism, as shorts pay a fee to longs to maintain their positions.<\/p>\n<p class=\"\" data-start=\"610\" data-end=\"1026\">With short contracts now dominating, XCN appears to be facing growing resistance from its own derivatives market.<\/p>\n<h2 class=\"\" data-start=\"1028\" data-end=\"1064\">Momentum indicators show outflows<\/h2>\n<p class=\"\" data-start=\"1066\" data-end=\"1416\">On-chain metrics are adding to concerns. The Chaikin Money Flow (CMF) indicator, which tracks buying and selling pressure by comparing accumulation and distribution over time, remains in negative territory.<\/p>\n<p class=\"\" data-start=\"1066\" data-end=\"1416\">While the CMF has shown a minor upward slope, it has yet to cross the zero threshold that typically signals sustained inflows into the asset.<\/p>\n<p class=\"\" data-start=\"1418\" data-end=\"1782\">This is crucial because a persistently negative CMF suggests outflows are outweighing inflows, indicating that capital is leaving the XCN market.<\/p>\n<p class=\"\" data-start=\"1418\" data-end=\"1782\">Without consistent and strong buying activity, the token is unlikely to see a meaningful recovery.<\/p>\n<p class=\"\" data-start=\"1418\" data-end=\"1782\">At present, the altcoin continues to hover in a risk zone, with bearish pressure overpowering attempts at a bounceback.<\/p>\n<h2 class=\"\" data-start=\"1784\" data-end=\"1815\">Resistance stands at $0.0237<\/h2>\n<p class=\"\" data-start=\"1817\" data-end=\"2161\">If XCN manages to stabilise at or above the $0.0182 support level, the next resistance to watch is $0.0237.<\/p>\n<p class=\"\" data-start=\"1817\" data-end=\"2161\">Crossing this level could reverse the current sentiment and invalidate the near-term bearish case.<\/p>\n<p class=\"\" data-start=\"1817\" data-end=\"2161\">However, any such reversal is unlikely without broader support from the market or a catalyst that can draw capital back into the project.<\/p>\n<p class=\"\" data-start=\"2163\" data-end=\"2438\">Given the weak momentum and technical signals, the burden lies on external market forces to lift XCN past this resistance.<\/p>\n<p class=\"\" data-start=\"2163\" data-end=\"2438\">Investor participation remains cautious, with many traders opting to wait for stronger confirmation of trend reversal before re-entering long positions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/onyxcoin-xcn-price-up-14-to-0-01945-but-negative-funding-rate-signals-trouble\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Key support level at $0.0182 remains at risk. Negative funding rate indicates rising short bets. The funding rate for XCN futures has recently turned negative, a signal that more traders are opening short positions. Onyxcoin (XCN) is trading at $0.01945 at [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":51169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51168"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51168"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51169"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}