Onyxcoin Soars 125% in 7 Days: What’s Driving XCN Price Higher?

Onyxcoin Soars 125% in 7 Days: What’s Driving XCN Price Higher?

Main notes

  • Onyxcoin (XCN) raised an amazing 125 % last week, claiming $ 0.0212.
  • The high price follows the appearance of Goliath Mainnet a few days ago.
  • Blockchain protocol was also assigned to the appearance of the ONYX SMART wallet.

Unyxcoin

xcn
0.0199 dollars



24 hours fluctuation:
3.2 %


The maximum market:
$ 662.29 m



Folder. 24h:
94.92 dollars

The original code that runs the Blockchain -based infrastructure, amazed the encryption markets with an explosive gathering last week.

More than 125 % rose, Xcn reached a new local increase of $ 0.0212 before declining slightly to $ 0.02017 at the time of writing this report.


$ 672 million in the market, the distinctive symbol is now sitting in 81 on CoinmarketCapWith the excitement of excitement and suspicion between merchants. However, Altcoin is still less than 90 % less than its highest level ever at $ 0.1841 seen three years ago.

What nourishes the assembly?

The acute ups of the ONYXCOIN Goliath Mainnet launch, an event that provides the mechanism of proving consensus, and may aim to exceed transactions speeds from giants such as Visa.

It seems that the expectation of increased benefit and adoption is equal to speculative capital, which has increased its intensification by momentum dealers who accumulate in penetration signals.

Another reason for the high prices of Unyxcoin is the next launch of the Onyx Smart wallet that provides gas -free transactions to users along with the arrival of Basskey, exclusively for Ledger Xcn.

Technical analysis: What do the plans say?

At the time of the press, Xcn is traded at $ 0.01997, and perhaps one of the most upscale brands is that the encrypted currency has seized EMA for 20 days, which is currently sitting at $ 0.0145.

RSI is currently located in 71.76, which places it over the traditional area that is purchased. This indicates strong bullish momentum, although the stage of mild correction or unification can be on the horizon.

Xcn Price Chart | Source: TradingView

Through the MACD line over the signal line, both of them rise steadily over the zero line. The growing upright rods indicate increased purchase pressure.

Fibonacci accessories also provide clear goals for the XCN. The FIB level is 0.236 at 0.02452 dollars and 0.382 level of FIB at $ 0.03195 resistance levels with psychological and technical resistance technically at FIB level $ 0.618 of $ 0.04245.

At the same time 3.618 and 4.236 FIB extensions up to $ 0.18 – $ 0.21, which corresponds to The goal of Javone Marx is superb From $ 0.1816, an increase of 701 % of the current levels, provided that the demand for purchase continues to increase.

Xcn Price Chart | Source: TradingView

Finally, the BAP is hovering around a neutral at 0.04, after bending in a positive area. This means that buyers still have some control, but the power struggle is heating.

The ongoing batch of more than 0.2 can indicate a more confident boarding trend, while a lesser decrease than zero can hint to the profits received.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

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