Onyxcoin (XCN) Jump by 16% As Trading Volume Skyrocket Pass 600% Because People Tinkin' Say E Go List on Binance and Altcoin Market Dey Rise.
Onyxcoin (XCN) don see big price increase, e climb pass 16% for 24 hours as trading volume jump pass 600%, comot $210 million. Dis climb pass many other altcoins and e happen as crypto market get risk-on feeling, where Bitcoin (BTC) and Ethereum (ETH) sef dey do well. Technical analysis show say XCN dey trade above key moving averages, with indicators like RSI and MACD wey dey show say e go still climb up. Price reach $0.022, e bounce back from low of $0.016, and now e dey face main resistance for $0.023. If e break out well, e fit push XCN go targets of $0.030 and maybe one-year high of $0.035, while if e reverse, price fit go back to support for $0.016 or even low as $0.0084. Di rally happen partly because of rumors say Binance fit list am, and dis don attract plenti traders. Di altcoin surge show say investors dey look for profit pass BTC and ETH, and Onyxcoin dey stand out as trading activity and hope don renewed. Traders suppose watch out for more volume increase and listing confirmations wey fit affect how e move for short term.
Bullish
Di big rally wey Onyxcoin (XCN) do, because of plenti trade wey happen and good sign dem wey show for di market, indicate say e get strong 'bullish' power. Di rally come dey jinja more because dem dey talk say Binance fit list am, wey as history show, dey bring big interest and make new coins cost more. As di price don break key levels wey dey stop am before and di market generally dey ready to take risk for altcoins, traders don get hope and more activitiy fit make XCN gains last small time. But, if e no fit hold di support or if di rumour about listing no be true, e fit fall down quick-quick, so short-term shakara dey possible. Wetin dey happen now show say e fit still go up, so outlook for XCN for short time na 'bullish'.