XCN Price Prediction: Will Onyxcoin Pump Big After the Crash

XCN News: Will Onyxcoin Price Rally After Major Sell-Off?

The Onyxcoin has surged almost 1700% in the last 15 days but slumped 20% in the last 24 hours and currently trading near $0.02900.

XCN has had a remarkable week, skyrocketing from $0.01 to $0.0493. This impressive 421% increase earns it the title of the week's best-performing asset.

The surge in #XCN's value is fueled by excitement over a major upcoming update. They're set to release a new White Paper and roll out the Onyx XCN Ledger. Mark your calendars—it's all happening on February 3, 2025!

After a sell-off from the psychological level of nearly $0.05000, the altcoin dropped almost 40%. On the 4-hour chart, the XCN price is trading above the falling wedge pattern.

If XCN manages to sustain its position above the current pattern, it could potentially revisit the $0.0370 to $0.0500 range in the near term. However, if Onyx Coin fails to maintain this level, a breakout to the downside could push prices further toward the $0.015 to $0.020 support zone.

The RSI is currently consolidating, while the MACD is showing a green histogram, signaling a buying interest at lower price levels.

Source: TradingView