The cryptocurrency XCN has experienced a significant rally, gaining nearly 36% in value in the past day. This surge in value has pushed its market cap to over $1.16 billion. XCN's gains have been impressive over both the weekly and monthly periods, with gains of over 195% and 1,400% respectively. The rally has been accompanied by a surge in trading volume and open interest in its futures market. The increase in demand can be attributed to anticipation around the release of Onyxcoin's new white paper and the launch of its blockchain, the Onyx XCN Ledger. XCN has also received positive news regarding its listing on crypto exchanges such as Kraken Pro and AscendEX. Investor demand has been boosted by the announcement that Onyxcoin has resolved issues with HTX Global and Tron founder Justin Sun, as they are expected to play an active role in Onyx DAO governance. Technical indicators suggest that buying pressure is still strong, although the overbought RSI suggests the possibility of a pullback or consolidation. XCN bulls may target a psychological resistance level of $0.04 and attempt to breach the $0.047 resistance level.



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