Technical analysis by CoinrabiaDeFi about Symbol XCN: Buy recommendation (1/18/2025)

XCNUSD After a couple of exciting days for Onyx Coin, we have seen mostly sideways consolidation as the market normalizes prices and new investor capital flows in. XCN needs to break through the resistance of the previous high around 0.01595, to reach a target of 0.0173 which would signal return to a growth focused trend. Until then, likely more sideways consolidation, but watch out for sudden moves as interest continues to grow.We have broken through the resistance around the 0.01800 level and continue to see some nice price action in the XXCN market today, with Onyxcoin up +50% trading around 0.01870 at the moment. Look forward to continued growth if this trend continues. Also seeing XXCN on Top Gainers chart on Conbase today which is a good indicator of market interest.Target met plus some extra.