Onyxcoin (XCN) has seen an impressive 22% surge in the last 24 hours, making it the top performer in the competitive crypto market. The rally kicked off last week and gained significant momentum thanks to the news of a successful resolution of issues between the project and major players like Huobi and Tron founder Justin Sun.

Currently trading at $0.03, XCN has experienced a substantial 76% uptick as demand for the digital asset continues to rise. Technical indicators suggest that XCN is eyeing a potential three-year high of $0.04, indicating a strong upward trajectory.

The Relative Strength Index (RSI) for XCN, when assessed on a one-day chart, sits at 64.78, showcasing an upward trend and growing demand for the asset. This RSI value suggests that XCN is experiencing a bullish phase with increasing buying pressure, signaling a possible continuation of the upward momentum.

Additionally, XCN has recently seen spot inflows for the first time since January 27, totaling $1.04 million according to Coinglass. This uptick in direct exchange purchases further reinforces the robust demand for XCN, potentially driving prices even higher as investors show interest in accumulating the asset.

Looking ahead, on the daily chart XCN is nearing resistance at $0.038. A break above this level could propel XCN to $0.049, a three-year high last seen on January 26. However, profit-taking by market participants could lead to a reversal, potentially causing XCN's value to drop to $0.021. Keep an eye on XCN as it navigates these crucial price levels and market dynamics.