📊 XCN (Onyxcoin) – Analysis (May 7, 2025)

Current Price: $0.0172

24h Range: $0.0156 – $0.0179

Technical Analysis

XCN recently pulled back after a spike to $0.0394

Currently consolidating above key support at $0.0156

Resistance stands at $0.0179

Momentum indicators remain bullish, suggesting another leg up is possible

Fundamental Analysis

Utility + governance token of the Onyx Protocol

Powers decisions on upgrades and treasury usage

Recently launched its own Layer 1 chain – “Goliath”

Designed for scalable, institution-ready DeFi infrastructure

Hype

XCN is gaining momentum with its shift into Layer 1 territory. The Goliath upgrade has stirred interest across the DeFi space. If momentum holds, it could become a major player in infrastructure-focused tokens.

Verdict: Hold or Not?

Hold – Strong fundamentals, an ambitious roadmap, and bullish structure. Worth holding and watching closely for breakout above resistance.

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Not financial advice. Always do your own research.

#XCN #CryptoUpdate