Top Analyst Says OnyxCoin (XCN) Price Is About to Pump – Here’s What’s Fueling It

OnyxCoin price is starting to heat up again. After trading quietly for a while, it’s now showing signs of life and some traders are watching it closely. As of July 10, the price sits around $0.01396, and momentum seems to be picking up across multiple timeframes.

YouTuber Czar Gets Crypto, who has over 40,000 subscribers, broke down the chart in his latest video. According to him, the daily RSI looks strong, holding above the 40 level, which usually hints at more room to move up. He pointed out that XCN broke out of its downtrend and may have already started forming a short-term uptrend.

Looking at the 1-hour and 4-hour charts, XCN price has been flirting with overbought territory. Czar explained that while it hasn’t fully pushed through yet, the price has been holding up well. He noted that the latest pump didn’t come with a surge in volume, but previous spikes were backed by solid trading activity which is something to keep an eye on.

On the 4H chart, XCN continues to post higher highs and higher lows, a classic bullish sign. There’s also a key support zone around $0.014 that’s been holding firm. According to Czar, this breakout from a parallel channel could be setting the stage for a bigger move soon.

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Where Could Onyxcoin Price Go From Here?

Czar believes the next stop could be around $0.022 if things keep trending in this direction. He also mentioned a broader target zone between $0.021 and $0.025. If the token breaks through that, there’s a chance we could see a much larger move in the coming weeks.

Longer-term, he’s even looking at a possible run toward $0.05 or $0.06 and potentially as high as $0.26 to $0.32 by the end of August, if momentum really kicks in.

Moreover, one key thing Czar emphasized is volume. The chart looks strong, but for XCN price to make a bigger run, more volume needs to come in. The good news? RSI levels and overall trend structure suggest the setup is solid. If buyers continue to step in and price holds above support, a breakout might not be far off.

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The post Top Analyst Says OnyxCoin (XCN) Price Is About to Pump – Here’s What’s Fueling It appeared first on CaptainAltcoin.