Onyx Coin Price Prediction 2025: What’s Next for XCN?
XCN Price Skyrockets Over 1400% in Two Weeks
XCN's price has surged more than 1400% in the last two weeks. After Nov 2022 the price was seen yesterday consisting of an upward movement. Onycoin (XCN) prices have recently risen in the aftermath of the settlement of a long-running dispute between Justin Sun and HTX Global that began in 2022.
Will the XCN Rally Continue?
On the daily chart, Onyxcoin (XCN) price has shown long-term price consolidation at around $0.00200. Over the last month, the coin's rally has increased by nearly 2000%, following a 1400% increase in just two weeks. The Altcoin is currently trading at $0.03700, up 10.70% in the last 24 hours, and has a market capitalization of $1.66 billion.
If XCN's price surpasses its recent high of around $0.05000, the next target could potentially be near $0.08000.
Liquidations Spike Amid Market Volatility
According to Coinglass, In the past 24 hours, total liquidations reached $2.18 million, with $651,000 from long positions and $1.53 million from short positions. This highlights a significant imbalance, with short positions facing heavier losses, reflecting market volatility and potential bullish momentum impacting traders' strategies.
What’s Next for XCN?
On January 23, the Onyxcoin price broke out of a symmetric triangle pattern, resulting in a 135% price surge. However, the altcoin later moved back into the triangle before breaking out again yesterday, surpassing 2022 levels. A brief retracement occurred near the psychological level of $0.05000, causing a 27% dip.
Analyzing the 2-hour chart, XCN's price is forming higher highs and lower lows, suggesting further upward potential. If Onyxcoin can maintain its bottom, the next support is around $0.03000. Should the bulls hold this level, the price could rally toward the upper band near $0.05000.
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