The crypto market is riding a wave of optimism, even as the U.S. FOMC meeting kept interest rates unchanged. Bitcoin (BTC) rebounded, hovering near $105K, while major altcoins like Ethereum (ETH), Solana (SOL), and XRP surged in tandem.
Notably, Onyxcoin (XCN) led the rally, soaring 28% intraday on Thursday, making it the top gainer of the day. This dramatic rise has pushed XCN’s market capitalization above $1.15 billion.
Onyxcoin (XCN) became one of the top-performing cryptocurrencies in early 2025, skyrocketing over 1,600% in the past month. This impressive surge comes as investors anticipate major protocol upgrades and the resolution of past challenges, fueling renewed confidence in the project.
With XCN already outperforming many top cryptocurrencies, analysts are now eyeing its next price targets. Crypto strategist Javon Marks predicts that if the bullish breakout continues, XCN could surge toward $0.1816, representing a potential 420% upside from current levels. Given the coin’s momentum and improving fundamentals, this projection doesn’t seem far-fetched, reinforcing the growing belief in XCN’s long-term potential.
Looking at the hourly chart, XCN price has formed a cup and handle pattern, a strong technical indicator that suggests further upside potential. A successful breakout from this pattern could trigger a 41.19% price surge, pushing XCN towards $0.05357. If the price sustains above the neckline resistance, it would confirm the continuation of the bullish trend. Furthermore, the Relative Strength Index (RSI) at 67.72 highlights strong buying momentum, indicating that bulls are still in control.
Zooming out to the 4-hour chart, XCN’s bullish momentum becomes even clearer. The price is steadily climbing above key moving averages, reinforcing the uptrend. The RSI remains in bullish territory, suggesting that buying pressure is strong, while resistance near $0.0050 remains a crucial level to watch. If XCN manages to break this barrier, it could trigger another leg up, driving prices to new highs.
Onyxcoin’s meteoric rise in 2025 has positioned it as one of the most exciting cryptocurrencies to watch. Its combination of strong technical patterns, bullish sentiment, and analyst projections suggests that the rally may be far from over. If XCN maintains its momentum, it could unlock even greater upside potential, solidifying its place among the top-performing digital assets of the year.
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