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Can XCN Break Through $0.1816? Here's What On-Chain Data and Technical Setup Tell Us

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The Setup

Onyxcoin has been on a tear lately—up 1,200% in a month, currently trading around $0.03025 after bouncing from $0.018 lows. Market cap sits at $931.4M with $135.31M in daily volume. But the real question traders are asking: is this the start of something bigger, or just another pump?

The technical picture suggests the former. On the 4-hour chart, XCN is holding a symmetrical triangle formation with decreasing volatility—a classic setup that often precedes explosive moves. Analyst Natalie Dormer spotted a reverse head-and-shoulders on the 1-hour alongside a bullish flag, both pointing to a potential breakout toward $0.034 and higher.

What’s Fueling the Rally?

It’s not just hype. The XCN Ledger—a Layer 3 blockchain network launching under the Onyx Protocol—just went live. This isn’t fluff: the network offers sub-second confirmations, near-zero transaction fees, and full EIP-1559 integration. XCN is the native gas token, meaning deflationary mechanics are baked in. Every transaction burns supply, creating structural upside pressure.

Historically, XCN peaked at $0.1841 in May 2022. The 3-year high sits around $0.045–$0.050 (hit in late January). If bulls can crack resistance and sustain volume, analyst Javon Marks reckons a 500% rally to $0.1816 by end of 2025 is plausible.

The Long Game

Here’s where it gets spicy:

  • 2030: If adoption curves follow past parabolic patterns, XCN could test $1
  • 2040: Multi-year trends + institutional interest could push it to $5–$10 range
  • 2050: Assuming blockchain remains core infrastructure, $20–$50 isn’t off the table

Obviously, these are best-case scenarios. Volatility is real—last week XCN dropped 17.3% from $0.0365 to $0.021.

The Bottom Line

XCN has solid fundamentals (Layer 3 infrastructure, burn mechanics) meeting bullish technical setup (symmetrical triangle, decreasing volatility). $0.1816 in 2025 is the consensus bull target if momentum holds and adoption accelerates. Watch the $0.034 level—break it clean and the next leg up looks probable.

XCN-4.83%
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