Onyxcoin (XCN) Surges 320% From Low, Targets 1,117% Gain

Onyxcoin (XCN) has recently broken free from a two-year downtrend, positioning itself for a significant upward movement. The cryptocurrency has formed a rounded bottom and higher lows near $0.012, indicating a bullish accumulation phase following a steep rally in early 2025. With prices holding above key resistance levels, Onyxcoin is poised for a major expansion phase, targeting $0.1816 and potentially reaching $0.218.

According to Javon Marks, Onyxcoin is currently above its breakout zone, suggesting that its upward momentum may continue. The price is recovering from a protracted decline that began in mid-2022, currently hovering at $0.0118. Strong investor interest is evident, with XCN experiencing a more than 320% increase from its historical low of $0.0028. The anticipated upside is more than 1,117%, with a long-term objective of $0.1816.

Between May 2022 and late 2023, XCN experienced a steady decline, forming lower highs and confirming consistent bearish pressure. The asset maintained a downward trajectory, only pausing during brief consolidation periods, reaching a bottom near $0.0028 by late 2023. In early 2024, the trend reversed sharply as XCN broke above its macro descending resistance line, ending the multi-month decline and triggering a strong rally that pushed prices above $0.015 by early 2025.

After peaking, Onyxcoin entered a correction phase, with prices retreating but holding above previous resistance zones. It stabilized near $0.012 while forming higher lows, indicating active accumulation by buyers. The rounded bottom structure adds strength to the bullish setup. Additionally, annotations mark reversal points and trendline interactions, with a long horizontal line pointing toward $0.218, marking a potential future resistance level. Traders are closely watching this level for any long-term breakouts.

The current chart structure shows a shift from bearish to neutral and possibly bullish sentiment. The price has not revisited former lows since breaking out, and the trajectory resembles a transition from accumulation to expansion. This pattern aligns with technical expectations of a strong leg upward, positioning Onyxcoin for explosive growth in the coming months.