Lokesh Gupta
28-01-2025
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
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.
10 months ago
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.
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