We talked many times about that XCN price pump in January where it did 18x. However, Onyxcoin’s token entered a downtrend since then and is now trading around $0.011 while that local high was $0.036. The current price represents a dramatic 69.4% drop from January’s high and shows just how severe this correction has been for XCN holders.
Meanwhile, Solaxy’s presale continues to shine with over $27.4 million raised. Let’s see what’s going on with the XCN price and why SOLX token could be a better bet right now.
What you'll learn 👉
XCN Price Analysis: Will Downtrend Continue?
On a weekly timeframe, XCN’s technical indicators paint a concerning picture for the token’s future. The RSI(14) reading of 50.999 places XCN in neutral territory, but fails to show any meaningful bullish momentum needed for a recovery. This suggests market sentiment remains cautious at best.
The ADX(14) stands at 52.904, indicating a strong trend is in place – unfortunately for XCN holders, this trend continues to be downward. When combined with the ATR(14) of 0.0089, we can see volatility has decreased recently, often a sign that the market is accepting the lower price levels as the new norm.
The Ultimate Oscillator reading of 44.43 adds to the bearish outlook, sitting below the 50 threshold that typically separates bullish from bearish momentum. Meanwhile, the negative Bull/Bear Power(13) at -0.0035 confirms that sellers still maintain control of the market despite the already huge price drop.
XCN Price Prediction
Based on these indicators, XCN faces serious challenges ahead. The critical support level at $0.010 appears increasingly vulnerable. If this level breaks, we could see the XCN price sliding further toward the $0.008 range or possibly lower.
Until these technical indicators show substantial improvement, particularly with the RSI moving decisively above 60, the downward pressure is likely to continue dominating XCN’s price action.
Why Solaxy Might Be a Better Buy Than XCN Now
Solaxy’s native token SOLX is one of the crypto’s hottest active presales, already raising over $27.4 million. The project serves as a layer-2 solution for Solana, drawing comparisons to Ethereum’s layer-2 ‘Pepe Unchained’ which saw an impressive 8x price increase after its successful presale concluded.
Many crypto media outlets have taken notice of SOLX, with sites like Cryptoninja featuring it among their top recommendations for crypto investments in the current market environment. This growing attention suggests increasing interest from the broader crypto community.
Solaxy is a Layer 2 blockchain that fixes Solana’s problems such as slow transactions and network congestion. If you were trading on Solana this bull run, you for sure noticed these issues. It also connects Solana and Ethereum, so users can easily move assets between two of the most popular crypto networks. This makes transactions faster and more secure while keeping the network decentralized.
POV: You're presenting $SOLX to the masses 🛸🔥https://t.co/mdaTX9aVVx pic.twitter.com/CnEIIwS4Ts
— SOLAXY (@SOLAXYTOKEN) March 21, 2025
The system works by handling most transactions on its Layer 2 network instead of on Solana’s main blockchain. This means faster transactions and lower fees for everyone. Users can also move their assets between Solana and Ethereum without complicated steps, getting the benefits of both networks.
Solaxy uses special monitoring tools to spot problems before they affect users. This keeps the network running smoothly even when many people are using it at once. For security, it combines protection features from both Solana and Ethereum, creating a safer environment for all users’ assets.
The project lets users stake their tokens to earn rewards while helping secure the network. Stakers verify transactions and protect the system, making it more secure and decentralized for everyone.
SOLX tokens cost just $0.00167 right now during the presale. A major launch is coming in the next few weeks. Anyone interested can buy tokens on the official Solaxy presale website before the public launch, when prices might go much higher.
Read also: Onyxcoin (XCN) Price at Make-or-Break Support Level: Risks Another 70% Dip
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