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BinaryX Token Swap Drives 41% Price Rally

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BinaryX (BNX) has emerged as the market’s top gainer today, surging 41% in the past 24 hours. The altcoin currently trades at $1.75, noting a 412% uptick in daily trading volume during that period. 

The rally comes as traders position themselves ahead of the highly anticipated BNX-to-FORM token swap, scheduled for March 21.

BNX Gains Momentum as Traders Bet Big Ahead of Token Swap

BinaryX launched the Four.Meme platform on July 3, 2024, and later rebranded to Four for a more cohesive identity. However, due to the widespread use of FOUR in the meme coin community, the team opted to change to FORM, announcing a 1:1 token swap from BNX to FORM scheduled for March 21. 

As the market awaits this swap, traders have increased their accumulation of the BNX token. This is reflected by the altcoin’s open interest, which has climbed 33% in the past 24 hours and stands at $96 million at press time.

BNX funding rate
BNX Open Interest. Source: Coinglass

Open interest tracks the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When it rises during a price rally like this, it indicates increasing market participation. It signals the bullish conviction among BNX holders as more traders open new positions to capitalize on the upward momentum.

Moreover, its funding rate is also positive, supporting this bullish outlook. This is currently at 0.339%. 

BNX Funding Rate
BNX Funding Rate. Source: Coinglass

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep prices aligned with the spot market. A positive funding rate such as this means long traders are paying short traders. It indicates strong buying pressure among BNX traders and confirms the bullish sentiment in the market.

BNX Trades Above Key EMA—Can Bulls Push It Past $1.85?

BNX trades above its 20-day exponential moving average (EMA) at its current price. This key moving average measures an asset’s price over the past 20 trading days, giving more weight to recent prices to help identify short-term trends.

When it sits below an asset’s price, it is a bullish signal suggesting that the market is in an uptrend and buyers are in control.

If BNX buyers strengthen their control and demand soars, they could drive the altcoin’s price past the resistance at $1.77 and toward $2.19.

BNX Price Analysis
BNX Price Analysis. Source: TradingView

However, if selloffs gain momentum, BNX could shed its recent gains and plunge to $1.77.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Onyxcoin (XCN) Price Signals a Potential Rebound After 45% Drop

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Onyxcoin (XCN) is down over 45% in the last 30 days, following a historic surge at the end of January. After being one of the most trending altcoins earlier this year, XCN is now showing signs of cooling off.

Both momentum and trend indicators point to weakening bearish pressure, suggesting that a shift could be forming. Here’s a look at the technical outlook and what could come next for Onyxcoin.

XCN RSI Has Been Neutral For One Week

Onyxcoin’s RSI is currently at 41.7, down from a peak of 55.6 three days ago.

The RSI has remained in a neutral zone for the past week, fluctuating between 41 and 55, without showing a strong bullish or bearish trend.

XCN RSI.
XCN RSI. Source: TradingView.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.

Readings above 70 typically indicate overbought conditions, while readings below 30 suggest oversold conditions. With XCN’s RSI now at 41.7, it suggests mild bearish pressure but not enough to confirm an oversold market.

This could indicate that XCN is in a consolidation phase, and traders may be waiting for a stronger directional signal before committing to a trend.

Onyxcoin ADX Shows The Current Downtrend Is Fading Away

Onyxcoin’s ADX is currently at 8.33, dropping from 14.7 just two days ago.

This sharp decline signals a further weakening of trend strength as the token remains in a downtrend but with reduced momentum behind the move.

XCN ADX.
XCN ADX. Source: TradingView.

The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction. Values above 25 indicate a strong trend, and values below 20 point to a weak or non-trending market.

With XCN’s ADX now at 8.33, this suggests that the ongoing downtrend is losing steam. The price could remain range-bound or experience smaller movements until momentum returns.

Without a pickup in ADX, traders may see continued sideways or choppy price action in the short term.

Will Onyxcoin Reclaim $0.020 In March?

Despite being one of the most trending altcoins in 2025, Onyxcoin price has corrected by 42% over the past 30 days.

If this downtrend continues, XCN could retest the key support at $0.01. A breakdown below this level would mark the first time the token has fallen below $0.01 since January 17, before its major surge earlier this year.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView.

However, as indicated by the weakening ADX, the current downtrend is losing strength, potentially opening the door for a rebound.

If Onyxcoin regains momentum, it could challenge the resistance at $0.0149, and a breakout could push the price toward $0.017. Should Onyxcoin recover its strong bullish trend from late January, it could rise as high as $0.022, breaking above $0.02 for the first time since March 3.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano (ADA) Bulls Advance as Sellers Lose Grip

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Cardano (ADA) is down nearly 8% over the past 30 days but has gained almost 3% in the last 24 hours as short-term momentum picks up.

The token’s market cap stands at $26 billion, while its trading volume has surged 30% in the past day, reaching $903 million. Technical indicators are starting to show early signs of a potential trend reversal after a period of bearish pressure. Here’s a closer look at the key signals and price levels shaping ADA’s outlook this week.

ADA BBTrend Is Now Positive After 6 Days

Cardano’s BBTrend has just turned positive, ending a six-day streak in negative territory, which included a low of -26.13 on March 12. The indicator is now sitting at 0.83, signaling a shift in momentum after the recent downtrend.

While this is still a relatively low reading, the move back into positive territory could be an early sign of strengthening buying pressure.

ADA BBTrend.
ADA BBTrend. Source: TradingView.

The BBTrend (Bollinger Band Trend) measures the strength and direction of price movement relative to the Bollinger Bands. Positive values indicate an uptrend, while negative values point to a downtrend.

Since ADA’s BBTrend hasn’t risen above 10 since March 8, the current reading of 0.83 suggests that, although the bearish pressure has eased, momentum remains weak. For a stronger bullish signal, traders would typically look for the BBTrend to push above 10, confirming a more decisive upward move.

Cardano DMI Shows Sellers Are Losing Control

Cardano’s DMI chart shows that its ADX has dropped to 13.7 from 17.5 in the past 24 hours, suggesting a weakening trend strength. While the ADX is still signaling a trend, the lower reading points to reduced momentum compared to the previous day.

The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction.

ADA DMI.
ADA DMI. Source: TradingView.

Readings above 25 indicate a strong trend, while readings below 20 often signal a weak or range-bound market. Currently, ADA’s +DI has risen to 19.1 from 15.96, while the -DI has dropped to 19.31 from 25.48, showing that bearish momentum is fading as bullish pressure slowly builds.

With the +DI and -DI lines close to crossing, ADA appears to be in the early stages of attempting to reverse from a downtrend to a potential uptrend, though a stronger ADX would be needed to confirm a solid trend shift.

Will Cardano Rise Above $1.10 Soon?

ADA’s EMA lines have shown signs of consolidation over the past few days, though the overall structure remains bearish. Short-term EMAs are still positioned below the long-term ones.

However, recent signals from both the BBTrend and DMI indicators suggest that this trend could be shifting, with early signs of bullish momentum building.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

If Cardano’s price manages to confirm an uptrend, it could first challenge the resistance at $0.77. A breakout above this level may open the path toward $1.02 and even $1.17, marking the first time ADA trades above $1 since March 3.

On the downside, if bearish pressure returns, ADA could retest support at $0.64, and a breakdown below this could push prices as low as $0.58, revisiting levels not seen since February 28.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Extreme USDT Volatility Recorded On Chain

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Solana just celebrated its fifth birthday, and a recent study shows highly exaggerated USDT volatility on the network’s transport layer. This suggests a high level of speculative interest in the platform, fueled by the meme coin craze and other factors.

Web3 payments solutions platform Mercuryo shared this insight exclusively with BeInCrypto.

Solana’s Extreme USDT Volatility

Solana, the second-largest blockchain in the industry, just celebrated its fifth birthday. Its genesis block was mined on March 16, 2020. In honor of this milestone, Web3 infrastructure firm Mercuryo conducted a study on it.

According to this study, USDT volatility on Solana’s transport layer is currently at an “extreme” level.

“Solana captivates the interest of crypto traders across the globe. As Solana celebrates its fifth birthday, our transaction data on Tether tokens on the Solana transport layer suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana that we’ve seen over the past 12 months,” claimed Greg Waisman, Co-founder and COO at Mercuryo.

Solana’s USDT volatility has already spiked five times in 2025 alone. The network’s daily USDT trade volumes fluctuated dramatically in the past two months.

This consisted of three spikes and two drops, both of which were significantly smaller than the spikes. Both drops were in the 60%- 70% range, while the increases ranged between 100% and a whopping 137%.

More specifically, Solana saw a 100% increase in USDT trading on January 13. A week later, this activity dropped by 63% and again surged by 129% on January 27. This level of unprecedented capital movements is often rare for any blockchain network.

solana network inflows
Solana Network Weekly USD Inflows in 2025. Source: DefiLlama

Mercuryo claims that this volatility is caused by several factors, but the explosion of Solana meme coins is particularly important. Thanks to major meme coin launchpads like Pump.fun, Solana trade volumes have spiked in recent months, even surpassing Ethereum on a few occasions. This rising interest helps fuel intense activity and these wild swings.

Over the past five years, its network has processed more than 408 billion transactions and nearly $1 trillion worth of value on decentralized exchanges. While Solana has shown gradual growth since 2023, the volatility of capital inflow has been chaotic, to say the least.

Ultimately, this enhanced level of volatility shows that Solana has a lot of interest among crypto traders. The network has grown remarkably over the last five years, and it’s already poised to make major advancements in the near future.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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