2025-5-11 15:00 |
Onyxcoin price might be gearing up for a bullish breakout, according to a new video from C-Zar Gets Crypto, a YouTuber with over 36,000 subscribers. In his latest update, he takes a close look at the charts and points out several patterns and support zones that could signal that upward momentum is building.
The analysis dives into both daily and shorter timeframes, while also taking Bitcoin’s recent performance into account. With BTC price hovering near its highs and altcoins starting to show strength again, many traders are now watching XCN closely to see if it can push past its current resistance and continue the rally.
Onyxcoin Short-Term Resistance and RSI SignalsAccording to the analyst, XCN recent movement around the 60 RSI level is worth watching. Although the price only rose 1.4% in the previous session, reclaiming this RSI barrier would indicate recovery from earlier rejection. A green daily close is seen as a possible signal for sustained upward movement.
On the hourly chart, the analyst observed that XCN price is finding support and is moving within a parallel upward trend. The continuation of this structure could push the token higher during the day, especially if it manages to close above the 0.0202 level.
Key XCN Price Zones and Fibonacci LevelsThe $0.0202 level represents a major resistance, identified through Fibonacci retracement from a prior swing low to high. A close above this point may validate the upward trend and reduce the probability of a deeper pullback. The analysis also noted downside levels between $0.0165 and $0.0143 in case of a failed breakout.
The 4-hour chart showed mixed sentiment, but still pointed to a structure of higher highs and higher lows. Support at $0.0181 remains a key area to hold for bulls looking to maintain momentum.
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Furthermore, the analyst stated that the broader crypto market, particularly Bitcoin, is entering a consolidation phase after reaching a local high near $104,000. This environment has historically allowed altcoins like XCN to outperform.
As Bitcoin dominance shows signs of weakening, a shift into smaller-cap assets is taking shape. The video suggests that this could be the beginning of a broader altcoin season. XCN appears well positioned to benefit if this market rotation continues.
Onyxcoin Medium-Term Targets and Market CatalystsLooking further ahead, the analyst projected potential XCN price targets of $0.055 and even up to $0.158, based on a possible bull flag breakout. The long-term forecast places price expectations as high as $0.26 to $0.32 by the end of June or early July.
While some have questioned XCN price rally due to a perceived lack of narrative, the video pointed to earlier developments such as the Goliath mainnet and connections with HTX and Justin Sun. These factors, along with current market trends, may help reinforce the token’s bullish case.
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The post Green Days Ahead for Onyxcoin? Analyst Explains Why XCN Price Could Be About to Pump appeared first on CaptainAltcoin.
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