Onyxcoin price could be gearing up for a much bigger move than expected, according to top analyst Cesar from the YouTube channel C-Zar Gets Crypto, which has over 38,000 subscribers. In his latest video, Cesar questions the widely talked-about $0.05 target for XCN, saying the real breakout might go way beyond that.
As of May 25, XCN is trading around $0.0182. The market’s been a bit slow because of the Labor Day weekend, but Cesar believes this calm could be setting the stage for a sharp move early next week.
What you'll learn 👉
XCN Price Short-Term Technical Structure
Cesar starts off by analyzing the 1-hour chart, pointing out higher lows and a possible double bottom pattern forming. While he says these setups don’t always play out perfectly, he’s not too concerned if the price dips slightly. With weekend volume expected to stay low, things might look quiet until Tuesday.
He sees Onyxcoin price possibly pushing up to around $0.019 or even $0.02 before pulling back slightly and setting a higher low, basically prepping for a post-holiday breakout.
Looking at the 4-hour chart, Cesar says XCN is holding strong around key support levels. The RSI is close to oversold, which often means a reversal could be coming. He also sees a symmetrical triangle and bull flag pattern, both of which point to a breakout sometime between Tuesday and Thursday.
If the breakout hits, the measured move from these patterns could push XCN price to around $0.056. And according to Cesar, the next run could be even stronger than the last one.
Moreover, Cesar doesn’t just stop at short-term targets. Based on XCN’s past behavior with Fibonacci extensions, he says the price rarely tops out at the 1.272 level. Instead, he’s watching for bigger levels like 1.886, 2.272, and 2.618.
That means we could see Onyxcoin price reaching levels like $0.082, $0.107, or even $0.11, potentially a 340% jump from where it is now. And the timeline? Sometime before the end of the first week of June.
Read Also: Here’s Why Monero (XMR) Price Is Pumping
XCN Long-Term Strategy Still in Play
Cesar also talks a bit about strategy. He’s still holding his long-term XCN position, which he bought back in March 2024. His advice? If you’ve got a strong project, don’t keep hopping around chasing the next big thing.
He uses Dogecoin as an example, saying those who held on through the boring times ended up with massive gains. Right now, he sees Onyxcoin (XCN) in a similar position: consolidating, setting up, and maybe getting ready for a much bigger move than people expect. “Hold on to your hats,” he says. “It’s going to get exciting.”
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