Onyxcoin Doubles in a Week; Charts Point to More Upside if $0.0095 Breaks

Beincrypto reports Onyxcoin (XCN) surged nearly 52% in the past 24 hours, extending its seven-day rally to over 100%.

The coverage says multiple indicators point to buyer support rather than a pure short squeeze: XCN has broken past key exponential moving averages and is close to a potential 20‑day/50‑day EMA crossover, on‑balance volume has broken a long‑term descending trendline, and Chaikin Money Flow has trended higher—signals the article describes as consistent with real capital entering the market. Derivatives positioning also appears balanced, with cumulative short liquidation near $1.58 million and long liquidation around $1.36 million, which the report says reduces the risk of a sharp squeeze reversal.

Looking ahead, the article highlights resistance near $0.0095 as the key level: a clean break and hold would open the door toward $0.0110 (about 21% upside), while losing support at $0.0084 could prompt a pullback toward $0.0074. After a 100% weekly rally the piece notes caution is natural and says further gains hinge on how price behaves around that resistance, not on how far it has already moved.

Key Topics

Crypto, Onyxcoin, Xcn, Ema Crossover, On-balance Volume, Chaikin Money Flow