Onyxcoin (XCN) has been experiencing a strong uptrend on the hourly chart, leading many traders to speculate whether it will have a significant rally. The price has been forming higher highs and higher lows, indicating a steady uptrend. Resistance levels are being tested and the Relative Strength Index (RSI) is in overbought territory, which raises questions about whether XCN can sustain its upward momentum and reach its $2 price target. The Heikin Ashi candlesticks show continuous bullish sentiment, but a potential pullback could occur if resistance levels are not broken convincingly. The RSI being above 70 suggests that XCN may experience short-term profit-taking, but if it remains above 75, it could indicate further upside potential. Strong resistance is seen near $0.045, and breaking past this could lead to a rapid ascent to $0.10. On the downside, support is around $0.020, and a failure to hold above this level could trigger a pullback. To reach $2, a significant breakout pattern would need to develop, demanding several fundamental and technical catalysts. While $2 is a distant target, a breakout above $0.10 could result in a larger price surge. Traders should monitor resistance levels closely as a rejection could lead to temporary pullbacks. The next few trading sessions will be important in determining XCN's trajectory.



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