XCN jumps 6% on Chain.com acquisition and rising network users
- —XCN rose 6.18% in 24 hours and 23% over the week
- —Rally followed Onyx's acquisition of Chain.com over a week ago
- —Onyx Mesh went live on the Onyx L1 in early July
- —Key support at $0.00376, upside targets at $0.00568 and $0.00627
Why it matters: The break of a year-long downtrend and a bullish structure shift suggest further upside for XCN if Bitcoin sustains its rally.
Source: AMBCrypto