Green Days Ahead for Onyxcoin? Analyst Explains Why XCN Price Could Be About to Pump

Onyxcoin price might be gearing up for a bullish breakout, according to a new video from C-Zar Gets Crypto, a YouTuber with over 36,000 subscribers.

Green days might be ahead for Onyxcoin if technical signals and market trends continue to favor bulls, according to C-Zar Gets Crypto. The YouTuber, known for his in-depth cryptocurrency analysis, took a closer look at XCN price action and highlighted several patterns and support zones that could indicate that upward momentum is building.

His latest video provides insights into both daily and shorter timeframes, while also considering Bitcoin’s recent performance. With BTC price trading close to its yearly highs and altcoins showing renewed strength, many traders are watching XCN closely to see if it can break through its current resistance and continue the rally.

Chart: TradingView

The analysis highlighted the importance of the 60 RSI level for XCN. Despite the token facing rejection above this point and only rising by 1.4% in the previous session, a green daily candle and a break above the 50 RSI could be seen as signals for sustained upward movement.

On the hourly chart, XCN price was largely moving within a parallel upward trend and finding support at key levels. The continuation of this structure could push the token higher during the day, especially if it manages to close above the 0.0202 resistance.

This level is also marked by major resistance on the daily chart, identified through Fibonacci retracement from a prior swing low to high. A close above this point may validate the upward trend and reduce the probability of a deeper pullback. The analysis also noted downside levels between 0.0165 and 0.0143 in case of a failed breakout.

The 4-hour chart showed mixed sentiment, but still pointed to a structure of higher highs and higher lows. Key support at 0.0181 remains an area to watch for bulls looking to maintain momentum.

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Furthermore, the analyst stated that the broader crypto market, particularly Bitcoin, is entering a consolidation phase after reaching a local high near $104,000. This environment has historically allowed altcoins to outperform.

As Bitcoin dominance shows signs of weakening, a shift into smaller-cap assets is taking shape. The video suggests that this could be the beginning of a broader altcoin season. Onyxcoin appears well positioned to benefit if this market rotation continues.

Chart: TradingView

Looking further ahead, the analyst projected potential XCN price targets of $0.055 and even up to $0.158, based on a possible bull flag breakout. The long-term forecast places price expectations as high as $0.26 to $0.32 by the end of June or early July.

While some have questioned XCN price rally due to a perceived lack of narrative, the video pointed to earlier developments such as the Goliath mainnet and connections with HTX and Justin Sun. These factors, along with current market trends, may help reinforce the token’s bullish case.

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