Onyxcoin (XCN) surged over 22% within 24 hours, breaking through the long-term downtrend line and re-establishing above the key support level of $0.0055. Trading volume also skyrocketed by nearly 400%, reaching $8.16 million. Despite the sharp rebound in price, open interest still increased by over 61%, reaching $3.1 million, while the funding rate remains negative at -0.21%, indicating that leveraged positions and ongoing bearish pressure still exist. Spot funding inflow remains weak at only $327,000, suggesting that without stronger buying support, early profit-taking could limit further upward momentum.