Onyxcoin is back in the spotlight after a major price jump that has crypto traders talking. In just two days, XCN price surged over 31%, breaking through some key resistance levels and signaling what could be the start of a much bigger move. YouTube analyst C-Zar Gets Crypto, with over 35,000 subscribers, explained everything in a video. He thinks this rally might be just beginning.
At writing, XCN is trading at $0.01952, up almost 15% over the past day. Trading volume has increased by 476%. This big jump in volume supports the price movement, indicating more people are actively trading.
What you'll learn 👉
Onyxcoin Price Breaking Out with Strength
C-Zar explained that Onyxcoin closed above two major Fibonacci retracement levels, $0.0202 and $0.02035. That might not sound like much, but from a technical standpoint, it’s a big deal. These levels have been tough to crack in the past, and now that XCN is holding above them, the path to higher prices looks more open.
He also pointed to the formation of a classic bull flag, a technical setup that often signals continued upside. Based on this pattern, he believes XCN price could reach the $0.056 to $0.057 range in the coming days.
XCN Market Conditions and Expected Pullbacks
Even though the setup looks promising, C-Zar didn’t shy away from warning about potential dips. After such a sharp move, he said it’s normal to see a short-term pullback. In fact, he wouldn’t be surprised to see XCN price dip below $0.01800 again before making another push higher.
He estimates any correction could range between 7% and 22%. While that kind of move can be nerve-wracking, he framed it as a healthy shakeout that could offer buying opportunities for those on the sidelines.
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Moreover, long-term holders who’ve held through the lows are finally getting rewarded. C-Zar acknowledged the community for staying committed, especially in the face of criticism and FUD. He dismissed the Ponzi accusations as uninformed noise and praised those who believed in the project’s fundamentals.
For new buyers, he issued a clear message: don’t FOMO in blindly. If you can stomach a 20% drop, this might still be a good entry point. But if you’re the type to panic sell during a dip, it might be better to wait and see how things settle.
What’s Next For XCN? A Fast Move Could Be Coming
C-Zar ended the video with a look ahead. He expects the rally to continue, possibly pushing XCN price past $0.0500 before the end of May. Whether the move happens over the weekend or early next week, he believes the momentum is strong enough to carry the price higher.
His message was simple, this could be one of those fast altcoin runs where prices swing hard in both directions. For those already in the trade, it’s time to stay focused and ride the wave.
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