Onyxcoin Price Surges 8% Amid Smart Wallet Integration – Bulls Target $0.017 Mark
Highlights:
- Onyxcoin price soars 8% as its trading volume spikes 204%.
- This comes as Onyxcoin gains momentum following its smart wallet integration, which provides users with features in the multichain support.
- XCN bulls eye $0.017 if the $0.0152 resistance is broken.
The Onyxcoin price is boasting a bullish outlook, after soaring 8% to $0.013. Accompanying the price movement is its daily trading volume, which has risen 204%, indicating intense market activity. Meanwhile, Onyxcoin is gaining momentum following its smart wallet integration, which provides users with more features in the multichain support.
Chain-based Onyx DAO Smart Wallet is a growing entity in the cryptocurrency community since it facilitates the multichain feature. It is prominent among cryptocurrency users dealing with numerous digital assets. Such an integration will make the experience of using the wallet more diverse and convenient.
The @OnyxDAO Smart Wallet is supported by @Chain including multichain $XCN support as the infrastructure provider.
Keep a look out for more upcoming features 🔜 including a sneak peak of the Goliath testnet wallet 👀 pic.twitter.com/2E46aV1dVk
— Chain (@Chain) August 19, 2025
The announcement of the imminent additions to Onyx, such as the Goliath Testnet Wallet, is already creating a buzz in the crypto world. These developments will enhance user experience and reveal the future of decentralized finance. The Onyx Wallet will add features, becoming a multifunctional tool for both new and experienced users.
On the other hand, the Onyxcoin derivatives market has been performing very well, as the recent data analysis indicates. Its volume has increased by 883.68% to $135.22M. Such an explosion indicates an increasing tendency of interest in Onyxcoin financial instruments. Notably, the open interest has increased by 60.53% to $17.21M. This shows that the number of traders willing to extend their positions has increased with long-term opportunities.
The long/ short ratio of XCN’s 24-hour trading window is 0.9881, indicating that market sentiment is nearly balanced between long and short. This equilibrium points to the relatively neutral market perspective in the short-term run.
Onyxcoin Price Bounces Off Support
The Onyxcoin price is showing a recovery mode, as the token has broken out of a descending parallel channel in the 4-hour chart timeframe. XCN has been in a prolonged downtrend, hitting the local low of $0.0119. However, recently the bulls have gained stamina, rebounding towards $0.013, above the 50-day SMA(0.0132). Now, the bulls need to overcome the 200-day SMA ($0.0152), which acts as the immediate resistance to continue the upside movement.
Zooming out, the Relative Strength Index (RSI) at 55.07 is hovering near neutral territory and facing upward, suggesting XCN isn’t overbought yet and has room to run. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish as the MACD line is above the signal line (orange). This calls for traders to add more XCN tokens, unless the MACD changes.
Break Above $0.0152 Could Trigger a Major Rally
The Goliath Testnet Wallet progress is a game-changer, signalling strong confidence in Onyxcoin’s vision of dealing with numerous digital assets. With this momentum, Onyxcoin price could easily test $0.0152 in the short term, and potentially spike to $0.017 if volume keeps pumping. However, there are risks. A failure to break $0.0152 could see XCN slide back to $0.012 or lower if panic sells hit.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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