Lokesh Gupta
27-01-2025
XCN's price has surged more than 1400% in the last two weeks. After Nov 2022 the price was seen yesterday consisting of an upward movement. Onycoin (XCN) prices have recently risen in the aftermath of the settlement of a long-running dispute between Justin Sun and HTX Global that began in 2022.
On the daily chart, Onyxcoin (XCN) price has shown long-term price consolidation at around $0.00200. Over the last month, the coin's rally has increased by nearly 2000%, following a 1400% increase in just two weeks. The Altcoin is currently trading at $0.03700, up 10.70% in the last 24 hours, and has a market capitalization of $1.66 billion.
If XCN's price surpasses its recent high of around $0.05000, the next target could potentially be near $0.08000.
According to Coinglass, In the past 24 hours, total liquidations reached $2.18 million, with $651,000 from long positions and $1.53 million from short positions. This highlights a significant imbalance, with short positions facing heavier losses, reflecting market volatility and potential bullish momentum impacting traders' strategies.
On January 23, the Onyxcoin price broke out of a symmetric triangle pattern, resulting in a 135% price surge. However, the altcoin later moved back into the triangle before breaking out again yesterday, surpassing 2022 levels. A brief retracement occurred near the psychological level of $0.05000, causing a 27% dip.
Analyzing the 2-hour chart, XCN's price is forming higher highs and lower lows, suggesting further upward potential. If Onyxcoin can maintain its bottom, the next support is around $0.03000. Should the bulls hold this level, the price could rally toward the upper band near $0.05000.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
