The XCN price is reacting well during the positive market momentum, as it gained 9% today, now trading around $0.21.
Still relatively unknown, but decent in terms of quality, YouTuber ‘C-Zar’ posted a video about XCN.
What you'll learn 👉
Strong Technical Signals Point to Further Growth
In his recent video, C-Zar talks about XCN’s good performance. The price reached $0.021 on April 24th after closing at $0.02132 the day before. He doesn’t care much about candlestick wicks. Instead, he focuses on the daily close above key Fibonacci levels, especially the 0.236 level.
The XCN price closed above the 0.236 retracement from recent lows to highs. This suggests the downtrend might be over. C-Zar calls this a “double confirmation” across Fibonacci levels. He thinks the price will likely move higher than before, creating a breakout pattern.
The chart shows multiple bull flags. The breakout seems real based on price movement and volume. If this pattern continues, the price could reach around $0.056. This would be a big jump from where it is now.
Trading volume is up 98% in 24 hours. C-Zar sees this as a good sign. The volume matches the price increase which means real market interest.
The Relative Strength Index (RSI) shows the price is nearly overbought. But C-Zar doesn’t think this is bad news. The daily and 4-hour RSI show healthy cooling off without crashing.
He does warn that if the day closes red (price ends lower), XCN might drop to around $0.019 or $0.0186. Even then, he would see this as normal consolidation, not a trend change. A green close, even slightly, would be better to avoid rejection from the overbought zone.
XCN Price Predictions
In the coming weeks, C-Zar expects a push toward $0.056. By the end of June, he thinks the XCN price could reach between $0.20 and $0.30, with $0.26 as a realistic high. He expects to see resistance at $0.18, $0.20, and $0.22. The price won’t go up in a straight line – there will be some ups and downs along the way.
C-Zar mentions he hasn’t sold any of his XCN yet, though he thought about it. He stresses being calm and not making emotional decisions. He believes XCN will do better than most altcoins, though he admits some smaller coins might have bigger short-term gains because they have more room to grow.
The analysis suggests that even with the recent price increase, XCN might still be in the early stages of its growth cycle. Investors who missed the initial surge could potentially still find value, especially if the technical patterns play out as predicted.
Read also: How High Does Onyxcoin (XCN) Price Need to Go to Turn $10-15K Investment Into $1 Million?
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
