Last Updated on May 1, 2025
Summary
- On May 1, 2025, XCN is trading at $0.061, holding firm above key support after a recent correction.
- Bullish traders are targeting a $0.075 breakout, citing improving on-chain sentiment and rising DeFi integrations.
- Onyxcoin continues evolving its ecosystem beyond centralized custodianship, adding smart contract and staking layers.
- Meanwhile, PlutoChain ($PLUTO) is already live on Uniswap and outperforming Layer-2 competitors with 120% post-launch gains and 113,000+ testnet transactions.
XCN Consolidates Above Support – What’s the Outlook?
XCN, the native token of Onyxcoin, is currently trading at $0.061, showing resilience after a mild retracement from last month’s $0.068 high. Analysts and momentum traders are now watching the $0.058–$0.061 zone as a reaccumulation region.
The next upside target? $0.075, a level many consider the gateway to unlocking renewed retail and DeFi momentum.
What’s Fueling the Bullish Sentiment Around $XCN?
Onyxcoin’s recent upgrade rollout is helping reshape its identity from a custodial token to a decentralized utility asset. Key factors driving interest:
- Integration of self-custody staking within Onyx Wallet
- New support for cross-chain asset bridging, including Base and Arbitrum
- Institutional partnerships focused on DeFi collateralization modules
- Token burns from ecosystem gas fees, reducing circulating supply
Developers are also testing lightweight contract modules, which would allow dApps to leverage XCN for payments, governance, and multi-sig treasury access.
Analysts Set Targets: $0.075 and Beyond?
If XCN can break through the current resistance range between $0.068 and $0.072, analysts predict a fast climb toward $0.075, and potentially $0.09 with broader market support.
Technical Indicators:
- RSI: Stabilizing near 54, suggesting more upside room
- MACD: Preparing for a crossover if support holds
- Volume: Increasing gradually on-chain, particularly through DeFi pairs on Jupiter and BaseSwap
Overall, XCN remains a high-potential asset if it continues its evolution from CEX-focused origins toward a utility-driven DeFi framework.
PlutoChain ($PLUTO) Delivers What Many Are Still Building
While XCN regains traction, one protocol is already executing at scale: PlutoChain ($PLUTO) — a Bitcoin-native Layer-2 designed for smart contracts, NFTs, and low-fee DeFi.
PlutoChain blends Celestia’s modularity with OP Stack EVM compatibility, creating a fast, programmable Bitcoin experience now trading live on Uniswap.
PlutoChain’s Live Performance:
- 120% price increase on listing day
- 32% rebound within hours after correction, showing strong demand
- Over 113,000 testnet transactions across dApps and early integrations
- 2-second blocks, negligible gas fees, and deep composability
- Developer grants now open for cross-chain apps, NFT mints, and DeFi protocols
In a market where many tokens are still in speculative phases, PlutoChain is delivering active Layer-2 infrastructure, underpinned by the security of the Bitcoin base layer.
Final Thoughts
XCN’s retest of support comes at a pivotal moment for the Onyxcoin ecosystem. With decentralized staking and smart contract features now rolling out, a breakout toward $0.075 could shift sentiment dramatically.
But for those who prefer live metrics and proven execution, PlutoChain continues to define what a Layer-2 should be — fast, composable, and already delivering across DeFi, NFTs, and beyond.
Disclaimer:
The information is for educational purposes only and should not be considered as investment advice. Cryptocurrency trading carries significant risks, and readers should do their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments can lose value.
