Onyxcoin Surges 2,888% as Crypto Market Drops 3%

The crypto market has experienced a period of stagnation in recent days, with Bitcoin remaining below $105,000 and the overall market cap of all cryptocurrencies dropping by over 3% to $3 trillion. Despite this, several altcoins have shown significant potential for growth. Onyxcoin (XCN), Dogwifhat (WIF), and Litecoin (LTC) are among the top altcoins that have garnered attention from investors and analysts alike.

Onyxcoin (XCN) has emerged as one of the best-performing tokens in the crypto industry, with its price surging from $0.00069 in September last year to $0.020 today, marking a 2,888% increase. This rally has caught many investors by surprise, with some alleging price manipulation, which Onyxcoin has rejected. The token's price has moved above the important support level at $0.0075 and the 50-day moving average, forming a bullish pennant pattern. This pattern suggests that the Onyxcoin price is likely to rebound and hit the important resistance level at $0.04923. If it crosses this level, it could invalidate the double-top pattern and potentially reach $0.1.

Dogwifhat (WIF) has also shown impressive performance, bottoming at $0.3024 earlier this year before staging a strong comeback to a high of $1.3115 on May 12. However, recent signs indicate that the WIF price has lost momentum and is currently trading at $0.9500. Despite this, the token remains above the 50-day moving average, suggesting that bulls are still in control. The WIF price has formed a cup-and-handle pattern, which is a common continuation sign. This pattern suggests that the Dogwifhat price is likely to continue rising, with the next resistance level at $1.3115. A move above this level could point to further gains to $1.50.

Litecoin (LTC) has been in a slow uptrend in recent weeks, moving from a low of $63 to a high of $106.90. The token's price has moved above the important resistance level at $96.30, the neckline of the inverse head and shoulders pattern. This pattern is one of the most bullish signs in technical analysis, suggesting that Litecoin is likely to have a strong bullish breakout. The next points to watch are $106.90 followed by $110. This rebound is expected to happen as the LTC ETF odds jump.

According to analysts' forecasts, the XCN price might fluctuate between $0.0026 and $0.0026 in October 2025. However, it is important to note that these are forecasts and not actual data. The current price action of Onyxcoin looks bullish, with notable resistance around $0.023. This suggests that the token has the potential for further growth in the coming months.