Onyxcoin (XCN) Price Ready to Rip? Unusual Buying Pressure Hints at a Game-Changing Rally

Onyxcoin is starting to catch attention again, this time, with a surge in buying pressure that’s hard to ignore.

Onyxcoin (XCN) has been a largely quiet token in 2024, but that might be about to change. At least, that's the view shared by C-Zar Gets Crypto, a YouTube channel with 37,100 subscribers. A new video on the channel dives into the latest action in XCN price, highlighting unusual buying pressure and a potential launchpad for another major rally.

XCN Price Shows Strength Above Key Zone

As the video points out, even though Onyxcoin opened the day with a bearish candle on May 19, there’s a lot more going on. Support seems to be forming exactly where previous resistance was, which is a key observation.

XCN is also holding steady above a key price zone, an area where the token previously ran into resistance. Now that this level seems to be acting as support, it’s got traders watching closely. The RSI on both the 1H and 4H charts looks bullish, and the coin is forming higher lows, another positive sign.

There’s also a history of quick, sharp moves with XCN. In one recent session, the token spiked 63% from low to high in just a single day. That kind of price action doesn’t go unnoticed, and according to Cesar, we might see more of it soon if the current structure holds.

Chart: TradingView

What the Fibonacci Levels Say About XCN Price Next Move

In terms of price targets, the video sets a short-term range between $0.051 and $0.060. But the more talked-about number is 8.2 cents. That level is tied to the Fibonacci extension zone between the 1.272 and 1.618 levels, a common target when coins break out from bull flag patterns.

Cesar doesn’t lock in any dates, but he says early June looks like a realistic window for hitting that $0.82 mark. He also mentions that if the momentum builds, XCN price could make a run to $0.26-$0.32 later in June. That’s based purely on the chart setup, not on hype or news.

Read Also: Pi Coin Price Prediction for Today (May 19)

Is XCN Being Front-Run by Smart Money?

One of the more interesting points Cesar brings up is the idea that XCN might be getting front-run. He believes experienced traders are already accumulating before a big breakout. The evidence? The price keeps bouncing off areas just above the golden ratio, as if there’s strong demand keeping it from dipping lower.

It’s happened twice now, and both times the price barely missed touching the retracement level before reversing upward. To him, that’s no coincidence, it suggests traders are watching the same zones and acting early.

What’s Next For Onyxcoin

While no official news or tweets are driving this move, the technical picture is strong. The combination of rising volume, healthy support levels, and bullish chart setups has the Onyxcoin community on edge, watching and waiting.

With the end of May approaching and volume picking up, XCN price could be heading into a very active stretch. If the patterns play out the way Cesar expects, things might move faster than many traders are ready for.

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