<div id="readability-page-1"><p><span>Onyxcoin [XCN] has traded within a multi-month descending channel, reflecting intense downward pressure.</span></p><p><span>However, after holding $0.005 support, the altcoin jumped 39% to a local high of $0.00695, then sharply retraced. At press time, XCN was trading at $0.0055, up 4.14% on the daily chart</span><span>.</span></p><p><span>But what triggered this volatility?</span></p><h2>Onyxcoin liquidity jumps with Robinhood listing</h2><p><span>In a massive boost for struggling XCN, Robinhood listed the altcoin for trading. According to the official report, XCN will be available for trading, including in New York.</span></p><p><span>Usually, listings attract additional market attention, thereby positively impacting liquidity. As a result, Onyxcoin’s trading volume soared 219% to $45.53 million, indicating growing on-chain activity.</span></p><p><span>Thus, XCN mostly rallied, driven mainly by increased trading on Robinhood, as investors jumped in to accumulate. As a result, buyers regained control of the market.</span></p><p>According to Coinalyze, the altcoin saw 960 million in Buy Volume compared to 850 million in Sell Volume over the past 24 hours, at press time.</p><div id="attachment_553105"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/coinalyze_xcn_buy_vs_sell_volume_spot.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="800" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/coinalyze_xcn_buy_vs_sell_volume_spot.png"/></p><p id="caption-attachment-553105">Source: Coinalyze</p></div><p>As a result, XCN recorded a positive buy-sell delta of 110 million, a clear sign of aggressive accumulation.</p><h2><strong>XCN whales take charge</strong></h2><p><span>While the altcoin has traded within a narrow range over the past weeks, Onyxcoin whales have dominated the market.</span></p><p><span> Spot Average Order Size Data from CryptoQuant showed Large Whale Orders over the past month, reflecting increased whale participation.</span></p><div id="attachment_553107"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Onyxcoin-Spot-Average-Order-Size.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2560" height="1440" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/Onyxcoin-Spot-Average-Order-Size.png"/></p><p id="caption-attachment-553107">Source: CryptoQuant</p></div><p><span>Interestingly, following the Robinhood listing, Onyxcoin whale activity on the buy side surged significantly.</span></p><p><span>At press time, Nansen reports that Top Holders boosted their holdings by 28%, adding 911 million tokens in the past 24 hours. During the same period, whales sold just 274.35 million tokens, resulting in a net positive balance change of 636.6 million.</span></p><div id="attachment_553109"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/xcn-whales.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1477" height="623" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/xcn-whales.jpeg"/></p><p id="caption-attachment-553109">Source: Nansen</p></div><p><span>Such a massive balance signals increased accumulation from the group. Historically, increased whale demand has preceded prices.</span></p><h2><strong>Can the momentum hold?</strong></h2><p>According to AMBCrypto, Onyxcoin experienced upside volatility following the Robinhood listing, which attracted demand across the market.</p><p>As a result, the altcoin’s Relative Vigor Index (RVGI) jumped to 0.046, as of writing. This indicates a strong upward momentum.</p><p>At the same time, its Relative Strength Index (RSI) dropped from 55 to 48, suggesting that profit takers also jumped to cash out.</p><div id="attachment_553110"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/xcn-price-charts.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1385" height="643" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/12/xcn-price-charts.jpeg"/></p><p id="caption-attachment-553110">Source: TradingView</p></div><p>Such market conditions suggest both sellers and buyers are actively battling for market control. Thus, the next move depends on who displaces the other.</p><p>If buyers, especially whales, continue to accumulate, as seen recently, XCN will hold above $0.0055 after the listing hype subsides. As a result, bulls will be well positioned to target $0.0063.</p><p>However, if sellers retake the market, the altcoin will likely breach $0.005 support level.</p><hr/><h2>Final Thoughts</h2><ul><li><em>Onyxcoin experienced extreme volatility, jumping to $0.0069, before retracing to $0.0055 at press time.</em></li><li><em>XCN rallied as Robinhood listing drove demand across the market, especially from whales.</em></li></ul></div>

HOOD

<p>Onyxcoin (XCN) surged 39% after Robinhood listed it, boosting liquidity and trading volume by 219%. At $0.0055, XCN shows strong buy activity, with whales increasing holdings by 28%. The Relative Vigor Index indicates upward momentum, while the Relative Strength Index suggests profit-taking. Future price movements depend on buyer-seller dynamics, with potential targets at $0.0063 if buyers dominate.</p>

Decoding XCN crypto’s 39% surge – Can Onyxcoin hold $0.0055?