{"id":634871,"date":"2025-03-12T10:10:57","date_gmt":"2025-03-12T10:10:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634871"},"modified":"2025-03-12T10:10:57","modified_gmt":"2025-03-12T10:10:57","slug":"onyxcoin-price-prediction-xcn-the-no-1-trending-crypto-on-coinmarketcap-after-12-pump-as-this-solana-layer-2-ico-closes-on-26-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/onyxcoin-price-prediction-xcn-the-no-1-trending-crypto-on-coinmarketcap-after-12-pump-as-this-solana-layer-2-ico-closes-on-26-million","title":{"rendered":"Onyxcoin Price Prediction: XCN The No. 1 Trending Crypto On CoinMarketCap After 12% Pump, As This Solana Layer-2 ICO Closes On $26 Million"},"content":{"rendered":"

The Onyxcoin price surged 12% in the past 24 hours to trade at $0.01324 as of 11:25 p.m. EST on trading volume that rose 16% to $1.2 billion.<\/span><\/p>\n

The surge in the XCN price has pushed the crypto to the top of CoinMarketCap’s trending list.<\/span><\/p>\n

\"Onyxcoin<\/p>\n

Onyxcoin Price Analysis: A Potential Breakout On The Horizon?<\/h2>\n

The <\/span>XCN price<\/span><\/a> has been trading within a descending wedge pattern over the past several weeks, indicating a gradual price decline.<\/span><\/p>\n

However, descending wedges are typically considered bullish reversal patterns, meaning there is potential for an upward breakout. <\/span><\/p>\n

The Onyxcoin price recently tested the upper boundary of the wedge, showing signs of a possible breakout attempt, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

Additionally, the price of Onyxcoin remains below both the 50-period Simple Moving Average (SMA) on the 4-hour chart at $0.01413 and the 200 SMA at $0.01889, signaling an ongoing bearish trend. A breakout above these key levels would be needed to confirm a shift in market momentum.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 49.74, hovering near the neutral 50 level. This suggests that the market is neither overbought nor oversold, indicating indecisiveness among traders. <\/span><\/p>\n

A move above 50 would provide bullish confirmation, while a drop below 40 could signal renewed bearish pressure.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) blue line is slightly above the orange signal line, but the histogram remains relatively flat. <\/span>This suggests that bullish momentum is building, but there is no strong confirmation of a breakout yet.<\/span><\/p>\n

A larger separation between the MACD and signal line, along with an increasing histogram, would provide a stronger buy signal.<\/span><\/p>\n

\"Onyxcoin
XCN\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

XCN Price Prediction<\/h2>\n

The descending wedge pattern suggests that the XCN price may be gearing up for a breakout.<\/span><\/p>\n

If the Onyxcoin price successfully breaks above the 50 SMA on the 4-hour chart at $0.01413, there could be a push toward the 200 SMA at $0.01889, which serves as a critical resistance level.<\/span><\/p>\n

A strong breakout above this level could open the door for further upside potential toward $0.025 or higher.<\/span><\/p>\n

However, if the price of Onyxcoin fails to break out and falls below the lower boundary of the wedge, a bearish continuation could drive XCN down to test support at $0.010.<\/span><\/p>\n

Meanwhile, investors are buying a new Solana meme coin called <\/span>Solaxy (SOLX)<\/span><\/a>, which 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says might soar 10x after launch.<\/span><\/p>\n