Onyxcoin (XCN) is currently priced at $0.01109098, reflecting a 24-hour decline of 2.37%. The price has fluctuated within a daily range of $0.00053751, with a high of $0.01141296 and a low of $0.01087545, indicating ongoing volatility in the market.

Trading volume stands at 18,594,658, translating to a volume-to-market cap ratio of 4.76%, which suggests moderate trading activity. The moving averages reveal a bearish trend, as all short-term SMAs (8, 13, 21, 55) are below the 144 SMA, with the most recent 8 SMA at $0.0111, down 0.32% from the previous period.

The Relative Strength Index (RSI) indicates oversold conditions in the short term, with the 1-hour RSI at 37, while the 7-day RSI is at 49, suggesting a neutral position. Price changes over the last week (6.25%), two weeks (4.12%), and month (6.99%) show slight upward momentum but lack strong conviction for a bullish trend.

Historically, Onyxcoin's all-time high of $0.184139 was reached on May 27, 2022, highlighting significant potential upside from current levels. However, the recent downward price action and weak RSI suggest caution, as the current price remains well below its all-time high.

In conclusion, the combination of bearish short-term moving averages, oversold conditions, and recent negative price momentum indicates a challenging outlook for XCN. Given these factors, a Hold rating is recommended, allowing for observation of potential reversal signals or further price stabilization before making any additional trading decisions.