- XCN’s recent price action is nothing short of remarkable.
- Over the past seven days, Onyxcoin has skyrocketed by more than 150%.
- Its market cap has more than doubled, now sitting at around $700 million.
Onyxcoin (XCN) is making headlines once again after an explosive rally, surging over 60% in the past 24 hours.
The altcoin has officially cracked the top 100 cryptocurrencies by market cap, signaling renewed investor interest and strong bullish momentum.
As XCN gains traction, many traders are now wondering: how high can it go?
Massive weekly gains fuel XCN hype
XCN’s recent price action is nothing short of remarkable.
Over the past seven days, Onyxcoin has skyrocketed by more than 150%, with the majority of those gains occurring within the last 48 hours.
Its market cap has more than doubled, now sitting at around $700 million.
XCN price chart by CoinMarketCap
Such rapid growth reflects a major shift in sentiment, especially after former President Donald Trump announced a temporary pause on tariffs for most countries, easing broader economic uncertainty.
Notably, XCN’s trading volume has exploded. Daily volume has tripled in just three days, marking a 200% increase.
Over the past week, trading activity has surged by an impressive 1,200%, pushing Onyxcoin ahead of bigger names like Avalanche (AVAX) in terms of trading interest.
This dramatic rise in volume is often seen as a key indicator of strong market support.
XCN price prediction: what’s next?
Given its current momentum, analysts believe XCN could test higher resistance levels if bullish conditions continue.
Given its current momentum, analysts believe XCN could attempt to retest higher resistance zones.
If buying pressure holds, XCN could aim for a short-term target between $0.025 and $0.030, depending on broader market trends.
However, if profit-taking kicks in, a healthy correction could bring the price back toward key support around $0.018 to $0.020.
On a longer timeframe, if Onyxcoin maintains its active trading volume and positive market sentiment, there’s potential for the token to revisit previous highs set before broader crypto market turbulence.
However, traders should keep a close eye on Bitcoin (BTC) and Ethereum (ETH) price trends, as XCN’s performance could remain sensitive to movements in major assets.
Invest with caution
While the recent rally is exciting, it’s essential to remember that cryptocurrency investments carry significant risk.
Prices can be extremely volatile, and while XCN shows strong upside potential, sudden reversals are always possible.
Always do your research (DYOR) and consider consulting a financial advisor before making any investment decisions.
Onyxcoin’s breakout highlights how fast market dynamics can shift in the altcoin world.
With surging volume, a rebounding market environment, and growing investor attention, XCN looks poised for more action.
However, staying informed and cautious is key to navigating the unpredictable crypto landscape.
