- Onyxcoin (XCN) worth soared 16% because the altcoin outpaced friends.
- Features for XCN got here as every day quantity rose by greater than 600%.
- Most altcoins are buying and selling inexperienced on the every day and weekly time frames amid risk-on sentiment.
Onyxcoin (XCN) is outpacing most altcoins prior to now 24 hours as curiosity within the token sends its worth skyrocketing.
Consideration on the XCN coin has seen its worth soar greater than 16% prior to now 24 hours, with quantity exploding a staggering 600%.
With Onyxcoin eyeing a probable itemizing on a serious change, its worth might rally to new multi-month highs.
Onyxcoin worth jumps as quantity explodes
The broader cryptocurrency market is experiencing notable optimism as Bitcoin’s resilience above $100k continues to spice up merchants.
Ethereum’s features have additionally seen altcoins eye recent traction, as traders look to diversify their portfolios past Bitcoin.
Whereas the worry and greed index, a key indicator of market sentiment, traits within the greed zone, small caps like Onyxcoin are constructing momentum.
Up to now 24 hours, Onyxcoin’s worth has surged greater than 16%, reaching $0.022.
The token traded at lows of $0.016. Amid this hyped efficiency, XCN has recorded a every day quantity of over $210 million.
This outstanding efficiency has positioned XCN as one of many prime gainers within the cryptocurrency market.
Hypothesis a couple of potential Binance itemizing has the market in anticipation of recent features, which is the case if bulls proceed to dictate sentiment.
“Crypto is leading the rebound. $BTC is nearing ATHs, $ETH is catching up, and with Coinbase set to join the S&P 500 on May 19, digital assets may see a fresh wave of inflows,” QCP Capital famous.
XCN worth evaluation
Onyxcoin’s worth motion appears bullish given the present motion and technical indicators. A have a look at the charts exhibits there’s notable resistance round $0.023.
Nonetheless, above this, patrons could wish to push for a retest of the hurdle close to $0.030 and one-year highs of $0.35.
The Relative Power Index (RSI) and Shifting Common Convergence Divergence (MACD) indicators on the every day chart align with this outlook.
If bulls handle to interrupt above resistance on the $0.023 stage, they might pull XCN to new multi-month highs and goal new features.
Nonetheless, a dip to $0.016 might speed up promoting, with a possible breakdown that pulls costs to lows of $0.0084 reached in early April 2025.
The long-term descending development line gave method for latest features, however bulls will not be utterly out of the woods.
Regardless of this, the large quantity coupled with broader market sentiment means that Onyxcoin might be positioned for a brand new leg up.
