Tag: problems

The price of ONYXCOIN (XCN) rises 14% to $ 0.01945, but the negative financing rate indicates problems

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  • The key support level at $ 0.0182 is still at risk.
  • A negative financing rate indicates an increase in short bets.
  • The XCN futures financing rate has recently become negative, a sign that more operators are opening short positions.

Onyxcoin (XCN) is quoted at $ 0.01945 at the time of writing this article, which shows a 24 -hour gain of 14%.

But this rebound has not been enough to reactivate investors’ confidence in the medium -term perspectives of the Altcoin.

The broader cryptocurrency market has experienced some recovery, but XCN follows the edge of the knife, struggling to stay above the key level of $ 0.0182.

Fountain: Coinmarketcap

If this threshold is exceeded, the price could fall to 0.0150 dollars, a minimum of two weeks that runs the risk of intensifying the current bearish feeling.

The XCN futures financing rate has recently become negative, a sign that more operators are opening short positions.

This means that investors are betting on prices will continue to go down.

A negative financing rate generally reflects market pessimism, since short vendors pay a long -term sellers to maintain their positions.

Now that short contracts predominate, XCN seems to face a growing resistance from its own derivative market.

Momentum indicators show outputs

Chain metrics increase concern. The Chaikin Money Flow (CMF) indicator, which tracks the purchase and sale pressure by comparing accumulation and distribution over time, remains in negative territory.

While the CMF has shown a slight ascending slope, it has not yet crossed the zero threshold that normally indicates sustained entries to the asset.

This is crucial because a persistently negative CMF suggests that the exits are surpassing the tickets, indicating that the capital is leaving the XCN market.

Without a strong and constant purchase activity, it is unlikely that the Token experience a significant recovery.

At present, the Altcoin continues to be around a risk zone, with a bearish pressure that exceeds recovery attempts.

The resistance is $ 0.0237

If XCN manages to stabilize in or above the support level of $ 0.0182, the next resistance to consider is $ 0.0237.

Crossing this level could reverse the current feeling and invalidate the short -term bearish case.

However, it is unlikely that this type reversal without a broader support of the market or a catalyst that can attract capital again to the project.

Given the weak impulse and technical signals, the load falls on the external market forces to raise XCN beyond this resistance.

The participation of investors is still cautious, and many operators choose to expect a more forceful confirmation of the change in trend before reopening long positions.

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The next tokens unlocking of $ 91 million aggravates Pi Network market problems

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  • The price of token pi network (PI) has fallen more than 40% in a month, contrary to the hopes after the main network.
  • The next tokens unlocking of $ 91 million will flood the market and worsen the sales pressure.
  • The Pi Network team has implemented updates to boost the ecosystem, with the aim of counteracting market problems.

Pi, the native token of Pi Network, has been in free fall during the last month, losing more than 40%, contrary to what most expected, especially after the launch of the main network.

This pronounced fall has surprised investors, especially since the cryptocurrency market in general shows indications of recovery.

Unfortunately, Pi Network, famous for its unique mobile mining model that allows users to undermine tokens through smartphones, has had difficulty converting its innovative vision into a sustained market value.

A disappointing performance after the main network

The launch of the main network of Pi Network was anticipated as a turning point for Pi, since many expected to strengthen the credibility and price of Token.

However, Token collapsed from a maximum of $ 2.99 in February 2025 to $ 0.9287 on March 25, 2025, an amazing fall of 68.9%.

This fall contrasts markedly with the optimism that surrounded the project, driven by its promise of accessibility and a growing user base.

Analysts point out the persistent supply pressure and lack of clarity on contributions on the main exchange platforms as key factors of this disappointing career.

The imminent challenge of unlocking the Token Pi

To the restlessness of the market is added the imminent tokens unlock which will release 99.3 million tokens PI in the next 30 days, valued at approximately 91 million dollars at the current price.

This translates into an average of 3 million tokens that flood the market daily, with a maximum unlock of 6.8 million scheduled for April 3, 2025.

It is likely that this significant influx intensifies the sales pressure, threatening to further collapse the price of Pi.

In the longest term, additional unlocks in April, May and June – with a total of 115.57 million, 182 million and 222 million tokens, respectively – overshadow the short -term stability of the Token.

Technical signals point to more bearish trends

In the technical aspect, the current price of PI, of $ 0.9287, is critical levels. It should be noted that the immediate support is at $ 0.70, while the resistance is coming at $ 1.00.

Bollinger bands reveal a market dominated by vendors, with the price clinging to the lower band.

The relative force index (RSI) in the 4 -hour graph, located at 35.87, underlines a bassist perspective, although it is located near the overall area. In addition, both mobile socks and convergence-discovery of the mobile average (MACD) reinforce this bearish impulse. A fall below $ 0.85 could lead to the PI to test $ 0.70, although a break above $ 1.00 could trigger a rebound towards $ 1.34.

Pi Network team efforts to strengthen the ecosystem

Faced with these challenges, the Pi Network team has not been left with a cross. A recent update allows Pi headlines to see their tokens in an official telegram wallet, although with functions limited for now.

The team too extended the grace period for Pinet’s migration until May 28, 2025 which gives developers more time to ensure domains without tender.

These measures, although they have not yet paid off, indicate the intention of improving accessibility and promoting the participation of developers, which could lay the foundations for a stronger ecosystem despite the current market instability.

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