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After falling to a low of $0.007 on April 7, XCN rallied and broke out from its resistance trend line. In three days, the Onyxcoin price increased 125%, reaching a high of $0.019.
The conflict has weighed on XCN’s performance, and its resolution has removed a massive hurdle to adoption. Disputes between Justin Sun-associated firms and Onyx DAO arose in 2022.
As XCN surpasses the 50-day and 100-day EMAs near $0.01560, it challenges a multi-month resistance trendline formed by the highs on January 26, April 11, May 16 and June 25.