Onyxcoin (XCN) surged 20% in early September, climbing from $0.0033 to $0.0048 before retreating to around $0.004. This rally coincided with the overwhelming approval of proposal OIP-4, which secured 1.303 billion XCN votes, far exceeding the 200 million quorum. The initiative grants Onyx access to Chain Technology’s payment, wallet, card, and settlement infrastructure, accelerating development of its planned blockchain-based neobank. Despite this approval, momentum has faded: the RSI dropped from above 80 to 49.84 and trading volume has cooled, indicating insufficient buyer support to sustain the breakout. Key levels to watch are $0.00425 for a potential rebound and $0.0032 to avoid a return to the previous price range.
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