The XCN price pumped 30% last week, but when you look at some other cryptos, it’s actually lagging behind. Should Onyxcoin’s holders be fairly happy with this and what’s next for the XCN price? Well, the main excitement is mostly around Hedera, Stellar, and Algorand.
Let’s try to find out where is the XCN price headed next.
What you'll learn 👉
XCN is Moving, But Still Quiet Compared to Others
Right now, XCN is trading around $0.0182. That’s a solid move up from the $0.013 range, where it was stuck for weeks. On the chart, the XCN price finally pushed above the 200-day moving average, which sits around $0.0155. That’s a good sign because it means bulls are starting to take control.
The price is now knocking on a resistance level around $0.019. It’s tried to break this area before – back in April and May – but got rejected both times. If it can break through now, we might see a push to $0.0215 or even higher. But if not, there’s a chance it drops back to test that $0.0155 support again.
The RSI is around 66, so it’s getting close to overbought, but not there yet. It tells us buyers are still in charge, at least for now.
Other Coins Have Stolen the Spotlight
Even though XCN is up, it hasn’t made the same noise as some other coins this week:
- Stellar (XLM) is up 90%, now at $0.48
- Hedera (HBAR) pumped 55%, now at $0.24
- Algorand (ALGO) jumped 61%, trading around $0.28
Compared to those moves, XCN’s 30% feels small. It’s not trending, and there hasn’t been much hype around it. Still, holders should be pretty satisfied with this kind of move, especially after months of slow price action. It’s one of the better weeks XCN has had in a while.
Read also: Top Analyst Says OnyxCoin (XCN) Price Is About to Pump – Here’s What’s Fueling It
What’s Next for XCN?
If buyers break above $0.019, we could see a quick jump to around $0.0215. That level acted like a wall in April, so it could be tested again soon.
If sellers step in, then a retest of the $0.0155 zone is likely. That’s the 200-day moving average and a key level for bulls to hold.
Most likely, XCN might just range between $0.016 and $0.019 until something bigger happens in the market. If volume increases and the momentum continues, it could slowly grind higher.
For now, XCN is doing fine. It’s not the biggest gainer this week, but it’s holding its ground and showing signs of strength. Sometimes, slow and steady really does win the race.
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