Onyxcoin (XCN) has experienced a 20% increase this week, attracting the interest of institutional investors due to a double-digit rally. The rise in XCN's price has led to a surge in accumulation by large investors, known as 'smart money,' indicating growing optimism about the token's short-term price growth. The Smart Money Index (SMI) for XCN has also increased to 0.91, reflecting the rising institutional interest. The SMI tracks the trading activity of major investors and analyzes intraday price movements. Additionally, the Moving Average Convergence Divergence (MACD) indicator for XCN supports a bullish outlook, with the MACD line above the signal line. This suggests a strengthening upward momentum. If XCN maintains its current trend above the 20-day EMA, it could surpass resistance levels and reach higher price points. However, profit-taking activity could reverse this trend. This analysis serves as informational content and not financial advice. Read more AI-generated news on: https://app.chaingpt.org/news