Onyxcoin (XCN) Price Prediction: 125% Rally as New Mainnet Launch Attracts Speculative Capital

, the native token powering Onyxcoin's blockchain-based financial infrastructure, has stunned the crypto markets with an explosive rally this past week.

Onyxcoin’s native token, XCN, has shot up over 125% in the past week, pushing the cryptocurrency to a new local high of $0.0212 earlier today.

Now trading at $0.02017, the token, which has a market cap of $672 million, is 81st on CoinMarketCap. The altcoin is still nearly 90% below its all-time high of $0.1841 seen three years ago.

What's fueling the rally?

The sharp upward move comes after the launch of Onyxcoin’s Goliath Mainnet, which introduces a Proof-of-Stake consensus mechanism, potentially aiming to surpass the transaction speeds of giants like Visa.

The anticipation of increased utility and adoption appears to have drawn in speculative capital, further intensified by momentum traders piling in on breakout signals.

Those who do not have a position in Onyxcoin, but decided to take on a large risk by buying today, might face difficulties exiting their trades quickly due to low volumes. This could lead to FOMO (Fear Of Missing Out) among traders, pushing prices even higher.

Another reason for the Onyxcoin price surge is the upcoming launch of the Onyx Smart Wallet which introduces gas-free transactions for the users alongside 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! pic.twitter.com/wfBjgN7pru

— Onyx (@OnyxDAO) April 14, 2025

At press time, XCN is trading at $0.01997 and perhaps one of the most bullish signs is that the cryptocurrency has captured and held above the 20-day EMA, currently sitting at $0.0145.

The RSI is currently at 71.76, which places it just above the traditional overbought zone. This suggests strong bullish momentum, though a mild correction or consolidation phase could be on the horizon.

XCN Price Chart | Source: TradingView

The MACD line has crossed above the signal line, and both are rising steadily above the zero line. The growing bullish histogram bars point to increasing buying pressure.

The Fibonacci extensions also offer clear price targets for XCN bulls. The 0.236 Fib level at $0.02452 and 0.382 Fib level at $0.03195 represent resistance levels with another psychologically and technically strong resistance at $0.618 Fib level of $0.04245.

Meanwhile 3.618 and 4.236 Fib extensions go as high as $0.18-$0.21, which aligns with Javon Marks’ ultra-bullish target of $0.1816, representing a 701% upside from current levels, provided the buying demand continues to increase.

XCN Price Chart | Source: TradingView

Finally, the Balance of Power (BoP) indicator is hovering around neutral at 0.04, after spiking into positive territory. This means that buyers still have some control, but the power struggle is heating up.

A sustained push above 0.2 could signal a more confident bullish trend, while a drop below zero could hint at incoming profit-taking.

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This article was originally published on Benzinga.

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