Latest Dynamics Behind XCN Price Volatility

XCN Current Market Performance Overview

Chart: https://www.gate.com/trade/XCN_USDT

As of July 25, 2025, XCN/USDT is trading at 0.014865 USDT, down 8.68% over the past 24 hours. Over the period, the price reached a high of 0.016694 USDT and a low of 0.014852 USDT. In the past 24 hours, the trading volume reached 181.13 million XCN, with a total turnover of 2.86 million USDT.

Onyxcoin (XCN) Major Upgrade Progress

On January 26, 2025, OnyxDAO’s official Twitter account announced the upcoming release of a new whitepaper on February 3, 2025, alongside the launch of the Onyx XCN Ledger—a modular blockchain designed to provide foundational infrastructure for financial-grade applications. The announcement sparked a brief wave of market attention. However, price action quickly stabilized. Investors now focus on tangible progress toward implementation.

Technical and Volume Analysis

Recently, XCN has exhibited a volatile downward trend. However, trading volume has consistently stayed above 180 million XCN, indicating robust market activity. Four weeks ago, XCN broke out of a bullish flag, rallying over 12% to reach 0.017 USDT. This indicated strong buying interest at critical support levels, but the momentum was not sufficient to sustain further gains.

Investor Perspectives and Risk Disclosure

Market sentiment regarding XCN is sharply divided. Some investors are bullish on its modular architecture and future on-chain adoption, while others are concerned about execution risks linked to its anonymous team and systemic risks arising from overall crypto market volatility. New investors should manage position sizes carefully and avoid chasing price spikes.

Future Price Outlook

Considering current price levels, technical chart patterns, and ongoing developments in the Onyxcoin ecosystem, XCN is likely to trade within the 0.014–0.018 USDT range in the short term. If the new whitepaper and Onyx XCN Ledger launch on schedule and attract strategic partnerships in the second half of the year, a breakout above this range could occur over the medium to long term. Conversely, investors should monitor the risk of a break below the key 0.014 USDT support level.