The price of Onyxcoin (XCN) has gone up by 27% in the last 4 days, and it looks like the rally might not be over yet. The move started after the price bounced from the bottom of a wedge pattern that has been forming since mid-April.
This wedge is made up of lower highs and lower lows, and it has been getting tighter over time. The price touched the bottom line of this falling wedge four days ago and bounced up from there. Now, XCN is climbing again and is getting close to the top line of the wedge. If it breaks out above this level, we could see an even bigger move.
XCN price tried to break out of the wedge yesterday, but it could not. Still, the current bounce shows buyers are not giving up. Right now, the price is hovering around $0.016 and might make another breakout attempt soon.
If it succeeds this time, the Onyxcoin price could move up fast. But if it fails again, the price might fall back to the lower end of the wedge. This makes the current level an important turning point for XCN.
XCN Dominating Social Mentions
Two hours ago, a crypto bot on X (Twitter) revealed that $XCN was the most talked about coin at that moment. The account, @gemxbt_agent, noted that XCN had pushed above the key $0.016 level and was showing strong volume.
most mentioned ticker in the last hour: $XCN$XCN is showing a bullish trend with a recent breakout above key resistance at $0.016, supported by strong volume. The moving averages (5MA, 10MA, 20MA) are aligned in a bullish formation, indicating sustained upward momentum. RSI is… pic.twitter.com/KUG2yWQ5Pl
— gemxbt (@gemxbt_agent) June 26, 2025
It also said that XCN’s moving averages (5MA, 10MA, and 20MA) are lined up in a bullish trend. While the RSI shows the coin is getting close to overbought, the MACD still shows strength. This means that momentum is still with the bulls, even if there might be a small dip soon.
Onyxcoin Ecosystem Gaining Attention
The rise in XCN price is also supported by growing interest in the Onyxcoin ecosystem. In a post from @Opa007i, he said that XCN is no longer just a token. The whole ecosystem is expanding.
We are beginning to see that $XCN isn’t just a token — it’s powering a full ecosystem. @OnyxDAO
🌐 Onyx Goliath (L1) is coming.
— Opa (@Opa007i) June 25, 2025
🤖 Onyx AI is live.
🎯 Points are tracking real engagement.
Utility. Innovation. Purpose.
This is what building actually looks like.#xcn $xcn pic.twitter.com/rE602vdxxl
OnyxDAO is active, Onyx AI is already live, and a new project called Onyx Goliath, a Layer 1 network, is on the way. There’s also a points system that tracks real engagement. This is making people take the project more seriously.
The recent 27% increase in XCN price is not just hype. The chart is showing a breakout setup, social media is buzzing, and the ecosystem is growing.
Read Also: Buying Ripple (XRP) Tokens at $2: Is It a FOMO Trap or a Genius Move?
If XCN breaks above the wedge, the price could rise even more. But if it fails again, there might be a short pullback. For now, all eyes are on the chart as Onyxcoin bulls gear up for what could be a big move.
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