Onyxcoin’s 15% Surge: Is $0.035 the Next Crypto Moonshot?
Onyxcoin (XCN) rockets 15% with $500M volume, eyeing $0.035! Can it sustain the breakout? Dive into the altcoin frenzy now!
Onyxcoin (XCN), the native token of the Onyx Protocol’s Layer-1 blockchain, ignited the crypto market on May 16, 2025, surging 15% in 24 hours to $0.019, with trading volume soaring over 500% to exceed $500 million. This rally, testing a key resistance zone, follows a consolidation phase after a 200% spike between April 9–11, driven by the Goliath Mainnet launch and Binance Futures listing. Posts on X buzz with optimism, with traders eyeing a breakout to $0.035 as the Relative Strength Index (RSI) cools to a bullish 55, signaling room for growth.
What’s fueling this fire? The Onyx Protocol’s focus on financial institutions, offering Visa-like transaction speeds (24,000 TPS), and updates like sXCN staking and the upcoming Onyx Smart Wallet are drawing institutional interest. The broader market’s bullish mood, with Bitcoin at $105,000, also lifts altcoins like XCN. However, risks loom—a drop below the $0.15–$0.16 support could trigger a correction to $0.017, especially after 2023–2024 hacks dented trust.
For beginners, XCN’s surge highlights altcoins’ high-reward potential but also their volatility. Staying informed is key as Onyx aims for mainstream adoption. Will XCN hit $0.035 or falter? Share your predictions below! Follow trafy.io for more crypto insights.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
