Onyxcoin (XCN) skyrocketed approximately 200% within just three days. The dramatic price movement, which began shortly after the announcement of Trump’s tariff news, has transformed the asset’s technical outlook from bearish to decidedly bullish.
A video on The BigBC Finance Channel explored Onyxcoin price action and future projections. For months, XCN holders endured a persistent downtrend. Price consistently declined, forming what technical analysts identify as a falling wedge pattern. This formation, characterized by converging trendlines sloping downward, often precedes significant breakouts—exactly what Onyxcoin experienced recently.
The upper resistance trendline had rejected XCN price on multiple occasions, while the lower support line provided reliable bounces. As these lines converged, pressure built until the inevitable breakout occurred, propelling Onyxcoin to the pattern’s predicted target of $0.024 before a minor pullback ensued.
According to The BigBC Finance Channel’s assessment, the charts for Onyxcoin show significant improvement. The analysis suggests that XCN is likely entering a consolidation phase around the $0.024-$0.026 range—a necessary stabilization period before potentially resuming its upward trajectory.
The channel’s creator explained that such sideways movements are normal and expected during uptrends, encouraging viewers to maintain perspective during these consolidation phases. The video acknowledged those who caught the breakout while reassuring others that further opportunities may still emerge as the trend develops.
What you'll learn 👉
XCN Price Targets: Fibonacci Levels Reveal Key Resistance Points for Onyxcoin
Based on the analyst’s Fibonacci analysis, the first main target could be the previous price peak. Beyond this, more ambitious targets come into view: $0.11, followed by $0.17 (Onyxcoin’s 2022 all-time high), and ultimately $0.32—described as the “Golden Fibonacci level” and presented as the primary objective for 2025.
The BigBC Finance Channel host methodically outlined these levels, advising viewers to watch each threshold sequentially: “$0.026 → $0.05 → $0.11 → $0.17 → $0.32 ultimate target.”
Onyxcoin (XCN) Technical Indicators and 2025 Outlook
Beyond price patterns and Fibonacci levels, several technical indicators provide additional context for XCN recent performance and future potential. The MACD (Moving Average Convergence Divergence) had been signaling a possible reversal for weeks, displaying a bullish divergence as the indicator trended upward while price continued declining. Though momentum is increasing, it remains considerably below January levels, suggesting significant room for additional upside movement.
The RSI (Relative Strength Index) currently registers at 78, placing Onyxcoin technically in overbought territory. However, as noted in the analysis from The BigBC Finance Channel, January’s rally saw RSI values reach as high as 95. Based on this comparison, the current reading may not necessarily indicate an imminent reversal. The creator advised selling only when the RSI drops below the overbought threshold, signaling exhaustion of bullish momentum.
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Trading volume has spiked in conjunction with the breakout, providing confirmation of the move’s validity. Nevertheless, current volume remains below the levels observed during January’s rally, suggesting that if similar volume returns, XCN could experience even more dramatic price appreciation.
For those already holding Onyxcoin, The BigBC Finance Channel strongly advocates staking as a wealth-building strategy. With staking rewards currently offering approximately 30% APY, a $1,000 investment in XCN could potentially generate $300 annually in passive income – a compelling proposition for long-term investors.
The channel also recommended Mech Exchange as a preferred platform for trading XCN, citing advantages including low fees, no KYC requirements to begin trading, and futures trading with up to 20x leverage. New users can reportedly receive a $20 sign-up bonus through the creator’s referral link.
Throughout the analysis, The BigBC Finance Channel maintained a decidedly bullish stance on Onyxcoin’s long-term prospects while acknowledging the likelihood of consolidation phases between key price levels. The message to viewers was clear: patience and perspective will be essential qualities for investors hoping to capitalize on XCN’s potential growth trajectory through 2025.
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