{"id":621759,"date":"2025-01-27T08:14:47","date_gmt":"2025-01-27T08:14:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=621759"},"modified":"2025-01-27T10:36:04","modified_gmt":"2025-01-27T10:36:04","slug":"onyxcoin-price-prediction-xcn-surges-268-in-a-week-as-this-solana-layer-2-crypto-presale-charges-towards-16-million-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/onyxcoin-price-prediction-xcn-surges-268-in-a-week-as-this-solana-layer-2-crypto-presale-charges-towards-16-million-best-crypto-to-buy-now","title":{"rendered":"Onyxcoin Price Prediction: XCN Surges 268% In A Week As This Solana Layer-2 Crypto Presale Charges Towards $16 Million – Best Crypto To Buy Now?"},"content":{"rendered":"

The Onyxcoin price surged 268% in the last week but slumped 8% in the past 24 hours to trade at $0.0377 as of 11:17 p.m. EST on trading volume that rose 16% to $1.2 billion.<\/span><\/p>\n

Onyxcoin Price Still Poised For A Bullish Rally<\/h2>\n

The 4-hour chart for the <\/span>XCN price<\/span> reveals<\/a> a remarkable upward trajectory that began around mid-January 2025. <\/span><\/p>\n

After an extended consolidation period with minimal price movement near the $0.007 range highlighted by the 200-period Simple Moving Average (SMA), the price of XCN broke out in a parabolic move, reaching a peak of approximately $0.05.<\/span><\/p>\n

Currently, the Onyxcoin price has retraced slightly to $0.03777 following this sharp rally, according to <\/span>GeckoTerminal<\/span><\/a> data.  <\/span><\/p>\n

This retracement is a healthy correction that often occurs after strong upward moves.<\/span><\/p>\n

The 50-period SMA at $0.02022 has acted as dynamic support, with the Onyxcoin price still trading comfortably above it. Additionally, the $0.02230 area, which served as a consolidation zone during the rally, may act as horizontal support going forward.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is currently at 62.73, which places it just below the overbought zone. <\/span>While this suggests XCN still has room for further upward movement, it also indicates caution as a continuation of the correction could bring the RSI closer to neutral levels (~50).<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) is in bullish territory, with the MACD line (0.00617) above the signal line (0.00600). <\/span>However, the narrowing gap between the two suggests bullish momentum is slowing.<\/span><\/p>\n

\"Onyxcoin
Onyxcoin Price Chart. Source GeckoTerminal.com<\/figcaption><\/figure>\n

XCN Price Remains Bullish<\/h2>\n

The Onyxcoin price’s overall trend remains bullish despite the ongoing retracement. B<\/span>ulls could still capitalize on the main indicators on the chart to push the price of Onyxcoin towards the next possible resistance around $0.065.<\/span><\/p>\n

However, if bearish pressure persists, a pullback to the 50-period SMA at $0.02022 or the horizontal support at $0.025 is likely before the next leg up.<\/span><\/p>\n

Meanwhile, investors are buying into a new layer-2 Solana meme coin called <\/span>Solaxy (SOLX)<\/span><\/a>. According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, Solaxy has the potential to soar 100X post-launch.<\/span><\/p>\n