Onyxcoin (XCN) prices rose 16% as AltCoin surpassed its peer. XCN’s profits came from an increase in daily volume by more than 600%. Most Altcoins trade greens in daily and weekly time frames in risk-on sentiment.
Onyxcoin (XCN) has surpassed most altcoins in the last 24 hours as token interest has skyrocketed.
The attention to XCN coins has caused prices to rise by more than 16% in the last 24 hours, exploding a huge 600%.
As Onyxcoin is focusing on a potential list of major exchanges, its prices could rise to new months’ highs.
When volume explodes, onyxcoin prices will jump
As Bitcoin’s resilience continues to increase traders by over $100,000, the broader cryptocurrency market is experiencing significant optimism.
Ethereum’s profits also saw fresh traction for Altcoins as investors seek to diversify their portfolio beyond Bitcoin.
The indicators of fear and greed, which are key indicators of market emotion, are trending in the greed zone, are gaining momentum with small caps like onyxcoin.
In the last 24 hours, Onyxcoin prices have skyrocketed over 16% to $0.022.
The token was traded at a low of $0.016. In this hyped performance, XCN recorded daily volumes of over $210 million.
This incredible performance places XCN as one of the top gains in the cryptocurrency market.
Speculations about potential Binance lists have markets in anticipation of new profits. This is when the Bulls continue to determine their emotions.
“Crypto is leading the rebound. With $BTC approaching ATH, $ETH catching up and Coinbase is set to join the S&P 500 on May 19th, digital assets could see a wave of new influx,” QCP Capital said.
XCN Price Analysis
Onyxcoin’s price action looks bullish given its current movement and technical indicators. Looking at the charts, it shows that there is a significant resistance of around $0.023.
However, on this, buyers may want to push a retest of the hurdles close to $0.030.
Daily Chart’s relative strength index (RSI) and moving average convergence bifurcation (MACD) indicators are tailored to this outlook.
If the Bulls can surpass resistance at the $0.023 level, they can pull XCN to new months of highs and target new profits.
However, flooding up to $0.016 could accelerate sales and there are potential breakdowns that could reach $0.0084 in early April 2025.
The long-term descending trend line has replaced recent profits, but bulls are not entirely out of the forest.
Nevertheless, the enormous amount, coupled with the sentiment of the wider market, suggests that Onyxcoin could be placed for new legs.
