OnyxCoin (XCN) is drawing analysts' attention due to its current price structure and potential movement directions.
Overview of the Current Situation with XCN
According to recent analysis, the price of OnyxCoin is currently around $0.0162. Analyst C-Zar from the YouTube channel ‘C-Zar Gets Crypto’ provides a breakdown of the current state on the XCN chart, claiming that the coin may soon experience significant price movement.
Key Support and Resistance Levels
C-Zar emphasizes that XCN is currently holding support at the 0.382 Fibonacci level, which may indicate a possible bullish signal. The next resistance level is found in the range between $0.033 and $0.04. His analysis shows that if XCN breaks through this zone, it may open the path to $0.082.
Price Targets for OnyxCoin
The analyst also established several price targets for XCN. Short-term targets lie within the range of $0.05–$0.08, while long-term forecasts can reach $0.26 to $0.32. Even reaching $0.11–$0.15 would represent a significant increase.
Considering the current trends and technical levels, market observers are anticipating a possible price surge for OnyxCoin in the coming days. The main focus is on the end of July and early August when significant movement may occur.
