Descending Wedge - Febspot

Descending Wedge

A collection of 3 posts

Onyxcoin’s 28% breakout faces doubt after long-term holders sell 25M XCN — Assets.beincrypto.com

Onyxcoin’s 28% breakout faces doubt after long-term holders sell 25M XCN

Onyxcoin (XCN) has attempted a technical breakout after a short recovery, but two key metrics cast doubt on its sustainability, according to BeInCrypto. The report says long-term holders sold roughly 25 million XCN over the past 10 days and the Chaikin Money Flow has fallen below zero. BeInCrypto’s analysis

XRP whales sold $800M; smaller whales absorbed supply — price outlook — Assets.beincrypto.com

XRP whales sold $800M; smaller whales absorbed supply — price outlook

On-chain data shows large XRP whales sold more than 400 million XRP over the past month — about $800 million at current prices — but most of that supply was absorbed by smaller whale addresses, limiting a broader market shock. Addresses holding between 100 million and 1 billion tokens led the selling,

Ethereum adds about 292,000 daily new addresses after Fusaka upgrade — Assets.beincrypto.com

Ethereum adds about 292,000 daily new addresses after Fusaka upgrade

Beincrypto reports that Ethereum’s new-holder count has risen about 110% since the Fusaka upgrade, which went live on December 3, with the network now adding roughly 292,000 new addresses per day. Network activity expanded rapidly over the past three weeks, driven by first-time wallets interacting with ETH. The