Onyxcoin, the enigmatic token fueling Onyxcoin’s blockchain-based financial labyrinth, has left the crypto world in a state of bewildered awe. 📈
With a staggering 125% surge, XCN flirted with a new local high of $0.0212 before coyly retreating to $0.02017. Such audacity! 💃
Boasting a market cap of $672 million, the token now lounges at the 81st spot on CoinMarketCap, stirring a cocktail of excitement and skepticism. Yet, it remains a shadow of its former self, nearly 90% below its all-time high of $0.1841. Oh, the fickleness of fortune! 🎭
What’s Behind the Madness?
The rally coincides with the grand unveiling of Onyxcoin’s Goliath Mainnet, a Proof-of-Stake marvel that dares to outpace the likes of Visa. 🏎️
Speculative capital, lured by the promise of increased utility, has poured in, further fueled by momentum traders chasing the breakout. 🤑
$XCN has shown growth for 3 days in a row due to the launch of the mainnet, which attracts additional liquidity and money attention to itself in anticipation of continued growth.
Those who do not have a position in Onyxcoin, but decided to take on a large risk by buying today,…
— Grumlin Mystery (@grum1in) April 11, 2025
Adding to the frenzy is the impending launch of the Onyx Smart Wallet, offering gas-free transactions and passkey wallet access, exclusively for the XCN Ledger. 🎉
The Onyx Smart Wallet is around the corner for our beta launch with gas-free transactions and passkey wallet access, exclusively for the $XCN Ledger and more!
— Onyx (@OnyxDAO) April 14, 2025
Technical Analysis: The Plot Thickens
At press time, XCN is trading at $0.01997, flirting with the 20-day EMA at $0.0145. The RSI, at 71.76, teeters on the edge of overbought territory, hinting at a possible correction. 🎢
XCN Price Chart | Source: TradingView
The MACD line has crossed above the signal line, with both rising steadily above the zero line. The bullish histogram bars grow, signaling increasing buying pressure. 📊
Fibonacci extensions offer tantalizing price targets: $0.02452, $0.03195, and $0.04245. The 3.618 and 4.236 extensions stretch as high as $0.18–$0.21, aligning with Javon Marks’ ultra-bullish target of $0.1816. 🎯
XCN Price Chart | Source: TradingView
The Balance of Power (BoP) indicator hovers around neutral at 0.04, after a brief spike into positive territory. Buyers still hold the reins, but the power struggle intensifies. ⚔️
A sustained push above 0.2 could herald a confident bullish trend, while a drop below zero might signal profit-taking. The drama continues! 🎭
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2025-04-15 18:51