Why Is Onyxcoin (XCN) Price Surging Today? Key News Behind the Spike

Table Of Contents

Why is XCN Going Up Today? Here's What’s Fueling the Rally
Onyxcoin Price Explosion: XCN Jumps to $0.01221
What Triggered Today’s XCN Rally? Trump Tariff Buzz Lifts Market
Technical Analysis: Why Is Onyxcoin Pumping?
Key Price Levels to Watch for XCN
Onyxcoin (XCN) Price Forecast: Can It Reach $1?
Final Take: Is the XCN Pump Sustainable?

Why is XCN Going Up Today? Here’s What’s Fueling the Rally

Something big is happening in crypto—Onyxcoin (XCN) just pulled off a massive breakout. The token surged 41% in 24 hours, catching the attention of both seasoned investors and curious traders. As market sentiment turns bullish, many are asking: why is XCN going up today? Let’s break it down.

Onyxcoin Price Explosion: XCN Jumps to $0.01221

Onyxcoin (ticker: XCN) is experiencing a dramatic rise in price, now trading at around $0.01221. Its market cap has soared to $398 million, and daily trading volume surged to over $150 million—a whopping 594% increase in just one day.

This explosive growth is backed by a mix of technical signals and macroeconomic catalysts that we’ll explore below.

What Triggered Today’s XCN Rally? Trump Tariff Buzz Lifts Market

A major catalyst behind XCN’s rally is tied to recent comments by former U.S. President Donald Trump, who announced a 90-day tariff exemption for most countries—excluding China, which now faces a hefty 125% tariff.

This development has triggered optimism across financial markets, especially in crypto. The global crypto market cap rose to $2.6 trillion, gaining over 5.76% in a single day, with Onyxcoin emerging as one of the top-performing tokens.

Technical Analysis: Why Is Onyxcoin Pumping?

According to TradingView indicators, Onyxcoin’s technicals are flashing bullish:

RSI (Relative Strength Index): Currently around 56, signaling healthy momentum without being overbought.
MACD Crossover: A bullish crossover has just occurred, suggesting a potential continuation of the upward trend.
Volume Surge: Over 952 million XCN were traded in one day, confirming strong interest from both retail and institutional investors.

These factors together paint a bullish picture for the near term.

Key Price Levels to Watch for XCN

Here are the crucial price levels for anyone tracking Onyxcoin:

Support Zone: $0.0105 – $0.0112
Immediate Resistance: $0.0155 – $0.0180
Major Resistance: $0.0220 (a key level from earlier this year)

A break above these zones could open the door to even higher price action.

Onyxcoin (XCN) Price Forecast: Can It Reach $1?

Short-Term (Next 1–2 Weeks)

If bullish momentum holds and XCN stays above $0.013, it could^q climb to $0.015–$0.018, representing a 25–40% potential gain.

However, a dip below $0.012 might cause consolidation between $0.010 and $0.015.

Mid-Term (Next Few Months)

With continued project updates and rising community engagement, analysts forecast possible targets of $0.030–$0.035.

Some industry watchers even speculate a long-term target of $1, though that would require sustained momentum and broader adoption.

Final Take: Is the XCN Pump Sustainable?

Onyxcoin’s recent surge is driven by a mix of market news, technical indicators, and renewed investor interest. While hitting $1 may take time, the token has clearly re-entered the spotlight.

As always, traders should watch critical levels—particularly around $0.013—to gauge the strength of the trend. Remember, while the upside is tempting, crypto remains a highly volatile space.