XCN price prediction: What’s Ahead for Onyx Coin Price?

Onyx Coin Price Prediction: Will XCN Price 100X in 2025?

The cryptocurrency market is on a roller coaster ride, and XCN/USDT is creating a buzz among investors. In the last 7 days, Onyx Coin (XCN) price has given a fabulous return of nearly 475%, with a 1217% surge in trading volume. XCN/USDT has shot up by over 12.8% within 24 hours. The altcoin market capitalization is close to $820 million.

Surge in XCN Open Interest

According to Coinglass data, XCN's open interest has surged by 130%, reaching $21 million, doubling since January 21. This significant rise reflects increased market activity and heightened investor interest in the cryptocurrency.

Significant Rise in XCN Netflow

As per coinglass data, The chart highlights a major surge in XCN netflow, reaching $13.99M on January 23, 2025. This sharp rise reflects significant market interest and trading activity, indicating a bullish momentum after a prolonged stable phase earlier in the year.

Onyx Coin Breakout After Prolonged Consolidation

XCN experienced a prolonged period of consolidation starting in March 2023. On January 16th, the altcoin broke out of its consolidation range. After a 440% surge Onyx Coin form a symmetric triangle pattern. Yesterday a long bullish candle was formed, pushing the price to levels last seen in late 2022.

Onyx coin price is encountering resistance around the $0.030 Fibonacci level. However, a healthy pullback is anticipated before the next upward move. The RSI, currently above 90, also signals a potential retracement. According to the chart, the next target is projected to be in the $0.35-$0.40 range, corresponding to the height of the triangle at its widest point.

Source: Tradingview