Onyxcoin (XCN) is currently priced at $0.01089607, experiencing a 24-hour decline of 3.34%. The price has oscillated between a high of $0.01141296 and a low of $0.01071811 over the same period, indicating a daily trading range of approximately 6.37% and a relatively stable volume of 18,439,631, reflecting a volume-to-market cap ratio of 4.80%.

Technical indicators show bearish momentum, with the 8-period SMA at $0.0109 showing a slight gain of 0.01%, while the 55-period and 144-period SMAs are showing more significant declines of 2.20% and 3.59%, respectively. The 1-hour RSI at 46 and the 7-day RSI at 45 suggest the asset is nearing oversold conditions, which could indicate a potential reversal if buying interest increases.

On a broader time frame, Onyxcoin has registered a 7-day price increase of 2.46%, a 14-day increase of 2.37%, and a 30-day gain of 3.56%. Despite these modest gains, the overall trend remains weak given the recent price action and the failure to hold above key moving averages.

The all-time high for XCN stands at $0.184139, reached in May 2022, suggesting significant upside potential from the current price level if bullish sentiment returns. However, the current bearish sentiment, coupled with declining moving averages and RSI values, indicates a lack of strong buyer support at this moment.

Considering these factors, the recommendation for Onyxcoin (XCN) is to Hold. While there is potential for recovery given the oversold indicators, the prevailing downtrend and weak price action signal caution. Investors should monitor for potential bullish signals or a change in trading volume before considering a Buy.