Ethereum Co-founder Hints At Plans To Tokenize SharpLink Gaming’s SBET Stock

Hedera’s HBAR has bucked the broader market dip to record a slight 1% rally over the past 24 hours. As of this writing, the altcoin trades at $0.17. 

This upward movement comes amidst signs of a resurgence in new demand for the altcoin, as highlighted by key technical indicators on the daily chart.

HBAR Bullish Trend Gains Strength

Readings from HBAR’s Moving Average Convergence Divergence (MACD) reveal that on April 9, the token’s  MACD line (blue) climbed above its signal line (orange), forming a “golden cross.”

A golden cross occurs when the MACD line crosses above the signal line, signaling a potential bullish trend and increased buying pressure. This confirms that HBAR’s upward momentum is gaining strength, especially as investors commonly view this pattern as a buy signal.

Moreover, as of this writing, HBAR’s Relative Strength Index (RSI) is poised to break above the 50-neutral line, highlighting the spike in fresh demand for the altcoin. It is currently at 49.17 and remains in an uptrend.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 49.17 and climbing, HBAR’s RSI signals a gradual shift from bearish territory into a more neutral zone. If the altcoin’s RSI continues to rise above 50, it would signal increasing bullish sentiment, driving up HBAR’s value. 

HBAR Eyes $0.19 Amid Strong Buying Pressure

HBAR’s surge over the past day has pushed its price above the key resistance formed at $0.16, which has kept the token in a downtrend since March 30.

With growing buying pressure, the token could flip this zone into a support floor. If successful, it could propel HBAR’s price to $0.19.

However, if traders resume profit-taking, HBAR’s current rally would halt, and the token’s price could fall below $0.16 and decline toward $0.12. 

The post Hedera (HBAR) Surges as Demand Reignites Hopes of a Price Bounce appeared first on BeInCrypto.

Onyxcoin (XCN) has been one of April’s standout performers, soaring 132% month-to-date and nearly 10% in the past week. Trading volume has surged as well, climbing over 82% in the past day to reach $208.47 million, reflecting heightened interest and activity.

As the rally matures, key momentum and trend indicators start to shift. RSI has dipped, BBTrend has turned negative, and XCN is now testing a crucial support zone. With price action at a pivotal level, the next move could define whether this breakout continues or fades into a deeper pullback.

Onyxcoin RSI Dips—Is the Rally Losing Steam?

Onyxcoin is showing signs of cooling off after a sharp rally, with its Relative Strength Index (RSI) dropping to 63.21 from a peak of 75 just a day earlier, after its continued momentum that turned it into one of the best-performing altcoins of April.

The token saw an aggressive momentum shift over the past few sessions, with its RSI climbing from 36 on April 21 to 75 by April 23—reflecting a fast-paced surge in buying pressure.

While the move initially indicated overbought conditions, today’s dip to 63.21 suggests that momentum is easing, although it remains in bullish territory.

The RSI is a popular momentum oscillator that ranges from 0 to 100, often used to assess whether an asset is overbought or oversold.

Readings above 70 typically indicate overbought conditions, signaling that a pullback could be imminent, while levels below 30 suggest oversold territory and a potential buying opportunity. With XCN’s RSI now at 63.21, it implies the recent rally has lost some steam but still holds a bullish bias.

This could mean a brief consolidation or minor pullback is likely before any renewed push higher, especially if buyers step back above key support levels.

Onyxcoin BBTrend Turns Bearish Again—Trouble Ahead?

Onyxcoin BBTrend has sharply reversed, currently sitting at -5.53 after briefly touching a high of 3 yesterday. This marks a notable shift, considering the indicator had remained in negative territory between April 17 and April 23.

The sudden drop back into a strongly negative reading suggests the bullish momentum that fueled the recent rally may have been short-lived, and sellers could be regaining control in the short term.

The BBTrend (Bollinger Band Trend) is a volatility-based momentum indicator that helps identify the strength and direction of price trends. Readings above +1 suggest a strong uptrend, while readings below -1 indicate a strong downtrend.

A move back to -5.53 signals that bearish pressure has returned and is intensifying.

This could mean that XCN’s recent price rebound may face increasing headwinds, with a possible return to support levels unless renewed buying interest reverses the trend again.

XCN Bulls Need to Hold the Line—Or Risk 35% Drop

Onyxcoin price is hovering just above a key support level of $0.020, a critical zone that could determine its next major move.

The EMA lines remain bullish, with short-term averages above long-term ones, suggesting the broader trend still leans upward.

If this support holds firm, XCN could rebound and target the resistance at $0.027. A break above that level could open the path toward $0.030—a price not seen since February 2.

However, if the $0.020 support fails, the technical outlook could quickly shift bearish.

A drop below this level may push the price toward the next support at $0.016.

Should selling pressure intensify beyond that, XCN could decline to $0.0139, marking a possible 35% correction from current levels.

The post Onyxcoin (XCN) Faces Crucial Test After April’s Explosive Rally appeared first on BeInCrypto.