Sleeper Pick Onyxcoin Surges 195% in 2 Days – Is This the Next Market Mover?
Onyxcoin is one of the few altcoins still riding the tailwinds of Trump’s 90-day “tariff war” pause, topping out at a 195% gain over the 2-day period.
With this policy shift, risk-on sentiment has returned, and XCN has soaked up fresh retail liquidity with the market’s vote for the best crypto to buy now.
But after four months of straight downside, the rally may be running on fumes. As with any sharp run-up, what goes up must come down—$0.0238 could mark a local top.
Is Onyxcoin the Next Market Mover?
Onyxcoin rallied hard at the start of 2025, gaining over 2,000% in just two weeks—but the momentum didn’t last. Since Trump’s tariff war began in early February, XCN has dropped 80%.
Now, with that headwind lifted, signs of renewed interest are emerging.
Daily active addresses have surged to a 60-day high of 1,646, pointing to a rise in retail engagement and potential institutional interest.
More wallets transacting the token typically suggests broader network participation and confidence, a strong bullish signal for sustained growth.
XCN Price Analysis: How Long Can the Rally Last?
Onyxcoin may be nearing a local top as the rally begins to show its cracks.
The Relative Strength Index (RSI) has far surpassed the oversold threshold at 80, a sign of buyer exhaustion that typically precedes corrections.
XCN’s breakout has also overshot the $0.0155 top projected by the descending channel that’s capped price action since late February, adding weight to the case for a short-term correction.
A healthy correction seems like the natural next, shaking out weak hands and setting up a stronger base for a continuation of the uptrend.
Support at $0.01740 looks like a credible floor—marking a 27% drop from current levels.
But if profit-taking snowballs into panic selling, losses could deepen to 53% toward the key support zone at $0.011—a likely reversal point in a worst-case scenario.
However, with a potential Binance listing on the table, XCN has yet to benefit from the increased demand of the biggest crypto exchange—a potential catalyst for further growth.
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