Onyxcoin (XCN) is currently trading at $0.01118334, reflecting a 24-hour decline of 2.12%. The price has experienced a daily range between $0.01115745 and $0.0115469, indicating limited volatility with a daily range percentage of 0.00038945.

Volume over the last 24 hours stands at 16,347,024, representing 4.16% of the market cap. The moving averages suggest bearish sentiment, with the 8, 13, and 21 SMA all indicating negative trends, particularly the 144 SMA at $0.0116 showing a decline of 3.22%.

The short-term RSI at 48 indicates a neutral position, suggesting a potential for sideways movement, while the 7-day RSI at 51 indicates mild bullish momentum. In contrast, the longer-term 30-day price change shows a decline of 8.16%, indicating a bearish trend over the past month.

Despite a modest recovery reflected in the 7-day and 14-day price changes of approximately 2.83% and 4.11% respectively, the longer-term downtrend may be impacting investor sentiment negatively. Moreover, the all-time high of $0.184139 from May 2022 highlights the significant depreciation XCN has experienced, creating a challenging environment for bullish trends.

Given the current price action, technical indicators, and volume trends, Onyxcoin appears to be facing downward pressure. Therefore, the recommendation is to Hold, as there may be potential for recovery if market conditions improve, but the risks of further declines in the near term remain significant.