Onyxcoin (XCN) Price Won't Stop at $0.05 – Here's the Real Target

Onyxcoin price could be gearing up for a much bigger move than expected, according to top analyst Cesar from the YouTube channel C-Zar Gets Crypto

Top crypto analyst Cesar from the YouTube channel C-Zar Gets Crypto, which boasts over 38,000 subscribers, is putting a unique spin on the widely discussed Onyxcoin (XCN) price target of $0.05.

While that level has been a subject of much chatter, Cesar believes the real breakout could go far beyond, especially considering the current technical setup.

As of May 25, XCN is trading at around $0.0182. The market's been moving slowly because of the Labor Day weekend, but Cesar thinks this calm period could be setting the stage for a swift move early next week.

To start, Cesar analyzes the 1-hour chart, spotting higher lows and a possible double bottom pattern forming. Though he notes these setups don't always play out perfectly, he's not too worried if the price drops a bit more. With lower volume expected over the weekend, things might seem quiet until Tuesday.

He sees the price potentially pushing up to around $0.019 or even $0.02 before pulling back slightly and setting a higher low, essentially preparing for a post-holiday breakout.

Looking at the 4-hour chart, Cesar says XCN is holding well above key support levels, and the RSI is nearing oversold territory, which usually indicates an upcoming price reversal. He also sees a symmetrical triangle and bull flag pattern, both suggesting a breakout sometime between Tuesday and Thursday.

If the breakout occurs, the measured move from these patterns would take XCN price to around $0.056. But according to Cesar, the next run could be even stronger than the last one.

Going beyond short-term targets, Cesar, considering XCN's past behavior with Fibonacci extensions, notes that the price rarely reaches the 1.272 level before turning around. Instead, he's keeping an eye on bigger levels like 1.886, 2.272, and 2.618.

That could mean we might see XCN price hitting levels like $0.082, $0.107, or even $0.11, presenting a potential 340% surge from the current price. And the timeframe? Sometime before the end of the first week of June.

Moreover, Cesar briefly touches upon his strategy, revealing that he's still holding his long-term XCN position, which he bought back in March 2024. His advice? If you've got a strong project, don't keep shifting around trying to find the next best thing.

He uses Dogecoin as an example, saying those who held on through the "dull times" ended up with massive gains. Right now, he sees Onyxcoin (XCN) in a similar position: consolidating, setting up, and maybe getting ready for a much bigger move than people expect.

"Hold on to your hats," he concludes. "It's going to get interesting."