Key notes
- Onyxcoin (XCN) increased by 125% in last week, claiming a summit of $ 0.0212.
- Prix overvoltage follows the beginnings of Goliath Mainnet a few days ago.
- The blockchain protocol should also start the intelligent onyx wallet.
Onyxcoin
Xcn
$ 0.0199
24h volatility:
3.0%
COURTIC CAPESSION:
$ 663.74 M
Flight. 24 hours:
$ 94.74 M
The native token fueling the financial infrastructure based on the Onyxcoin blockchain, amazed the cryptographic markets with an explosive rally last week.
In addition to more than 125%, XCN reached a new local summit of $ 0.0212 before retreating slightly to $ 0,02017 at the time of the editorial staff.
With a market capitalization of $ 672 million, the token is now 81st in CoinMarketCap, aroused both excitement and skepticism among traders. However, Altcoin is still almost 90% below its summit of $ 0.1841 three years ago.
What feeds the rally?
The net ascending movement coincides with the launch of the Goliath Mainnet of Onyxcoin, an event which introduces a mechanism for proof of proof of assistance, potentially aiming to go beyond the transaction speeds of giants as a visa.
The anticipation of increased utility and adoption seems to have shot in speculative capital, has further intensified by Momentum traders accumulate signals in small groups.
$ XCN has shown growth for 3 consecutive days due to the launch of the Mainnet, which attracts additional liquidity and money to itself in anticipation of continuous growth.
Those who have no position in Onyxcoin, but have decided to take a significant risk by buying today,… pic.twitter.com/oxeh9dcjn7
– Grumlin Mystery (@ grum1in) April 11, 2025
Another reason for the overvoltage of onyxcoin prices is the upcoming launch of the Smart Onyx portfolio which introduces without gas transactions for users alongside Passkey Wallet Access, exclusively for Ledger XCN.
The Onyx Smart Wallet is at the corner of our beta launch with gas transactions and Passkey wallet access, exclusively for $ XCN Ledger and more! pic.twitter.com/wfbjgn7PRU
– Onyx (@onyxdao) April 14, 2025
Technical analysis: What do the graphics say?
At the time of the press, XCN is negotiated at $ 0.01997 and perhaps one of the most optimistic signs is that the cryptocurrency captured and maintained above the 20-day EMA, currently at $ 0.0145.
The RSI is currently at 71.76, which places it just above the traditional area of Surbound. This suggests a strong bullish momentum, although a slight correction or a consolidation phase can be on the horizon.
XCN price board | Source: tradingView
The MacD line was crossed above the signal line, and both increases regularly above the zero line. The growing Haussier histogram bars indicate an increase in the purchase pressure.
Fibonacci extensions also offer clear price objectives for XCN bulls. The FIB level from 0.236 to 0.02452 $ and 0.382 FIB at $ 0.03,195 represents resistance levels with other psychologically and technically strong resistance to $ 0.618 FIB from $ 0.0,4245.
Meanwhile, the extensions of 3,618 and 4,236 FIB go up to $ 0.18 to $ 0.21, which aligns with Javon Marks Ultra-Bulsh Target From $ 0.1816, representing an increase of 701% of current levels, provided that the demand for purchase continues to increase.
XCN price board | Source: tradingView
Finally, the indicator of the equilibrium of the powers (BOP) hovers around 0.04, after having drawn up a positive territory. This means that buyers still have a certain control, but the power struggle warms up.
A thrust sustained above 0.2 could point out a more confident upward trend, while a drop below zero could refer to the inbound profit.
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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.
Parth Dubey on LinkedIn
