Onyxcoin (XCN) Charts a Bullish Path: How High Can the Price Climb?

Onyxcoin's (XCN) price action lately has interested traders, breaking free from its previous trading range with momentum.

Onyxcoin (XCN) has attracted attention with its price action of late, breaking out of its prior trading range with momentum. While crypto moves come and go, XCN’s sustained push has sparked genuine interest among market watchers.

Several technical analysts are pointing out key levels ahead that could make or break this rally. The token has seen its share of volatility, but the overall trend is still constructive for now. As always with crypto movements, the next few days should reveal whether this breakout has staying power or fizzles out like many before it.

XCN Breaks Out, Gains Market Traction Several technical analysts are highlighting XCN's breakout, with one trader noting its strong technical structure. In a tweet, the analyst noted, “Broke out BEAUTIFULLY yesterday (look at that chart) and now ramping up again.”

His chart analysis suggests that XCN has flipped a critical resistance zone into support, confirming a bullish trend. The asset’s price structure shows higher highs and higher lows, reinforcing optimism among traders.

XCN's price action aligns with a broader market recovery, with increased buying pressure pushing it above the 200-day EMA. The token's ability to hold above $0.033 signals strength, with traders watching the $0.040 resistance level for further confirmation of a sustained rally.

Okay last chart this morning haha

$XCN! Broke out BEAUTIFULLY yesterday (look at that chart) and now ramping up again. How high is this going?

Key Support and Resistance Levels for XCN Price The chart analysis highlights several price levels that could influence XCN’s next move. The $0.033–$0.034 zone, previously a resistance level, now acts as a support base. If the price dips, traders expect buying interest to emerge around $0.030, where the 200 EMA aligns.

Further downside support lies between $0.027 and $0.028, the last accumulation range before the breakout. On the upside, $0.039–$0.040 presents a key resistance area.

A daily close above this zone could pave the way for a push toward $0.042–$0.045. Analysts also note a volume gap above $0.040, indicating that a breakout beyond this point could accelerate price movement.

Traders Weigh In on XCN’s Performance Several market watchers are tracking XCN's progress, with some analysts highlighting its impressive performance. One trader, CryptoPopeye, points out XCN's 78% gain from its recent dip level, labeling it the best-performing asset in the market.