XCN jumped 30% to $ 0.011 after a week of tight -tone trading.
The token freed itself from a consolidation zone from $ 0.008 to $ 0.01.
Analyst Javon Marks sees the potential for XCN to spend beyond $ 0.045.
The native token of onyxcoin onyxcoin Xcn $ 0.0122
24h volatility: 44.9%
COURTIC CAPESSION: $ 404.66 M
Flight. 24 hours: $ 134.60
Jumped more than 30% in the last 24 hours to exchange approximately $ 0.011. He freed himself from a consolidation zone in which he had been stuck since early April.
Earlier in the week, the pricing policy of US President Donald Trump has shaken macroeconomic feeling, achieving risk assets, including altcoins, below. In particular, in the last ten days, the token oscillated between $ 0.008 and $ 0.01.
Despite the slowdown, the major XCN holders avoided the sale of panic, reveals data on the chain. This suggests growing confidence in the underlying fundamentals of the token.
With a market capitalization of $ 362 million and ranked 123rd by CoinmarketCap, XCN slowly enters the consumer cryptography market. Since January, the value of the token has increased by almost five times.
Part of this momentum is the result of ONYX’s institutional strategy. His Goliath Mainnet offers almost instantly colonies, banking quality security and integration of easy smart contracts for financial players.
Regarding the incitement, the Onyx Points program offers 10x liquidity awards, attracting the attention of hedge funds and VCs.
XCN price prospects
On the daily price table, XCN has pushed through the Bollinger band in the middle and is now approaching the upper band. This alludes to a possible price escape if the purchase of the pressure continues.
Investors must monitor the level of key resistance at $ 0.0126, with a sharp increase of $ 0,0,155.
XCN indicators | Source: Commercial view
Meanwhile, the RSI is 53.94, against 48.81 the day before, showing a slight bastard bastard but not yet too hidden. This also leaves room for a more ascending movement.
MacD also shows the first bullish signals. Although still modest, the histogram shrinks and a crossing could be imminent, supporting the case for a short -term rally.
MacD XCN indicator | Source: Commercial view
Bullish predictions
According to the popular analyst of Crypto Javon Marks, the upward differences began to show through key indicators key for onyxcoin.
In a recent post, he said that the recent escape could be the start of a steep rally that could increase the price beyond $ 0.045, about 300% above current levels.
$ XCN (Onyxcoin) Back here with force majeure and by the breakdown as well as divergences from smaller confirmed bulls, another wave greater than $ 0.045 can happen.
It is an increase of almost + 300% from here and with a target of $ 0.1816, a higher could occur! pic.twitter.com/6tu6cnhphp
The brands floated an even more daring long -term target of $ 0.1816, citing the first signs of a larger waves training.
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.