Canton ($CC ) Jumps 42% Is This a Healthy Reset Before the Next Breakout?
Canton Network ($CC ) has surged nearly 42% over the past week, with fresh interest driven by comparisons to XRPL and growing institutional narratives. After such a sharp move, price is now pausing near resistance a phase that may signal consolidation rather than weakness.
$CC is currently trading around $0.128 after failing to clear $0.137. This pullback appears constructive and could form the handle of a cup-and-handle pattern on the daily chart. Strong rallies often need this type of reset to rebuild momentum before continuation.
While RSI has shown a short-term bearish divergence, capital flow remains supportive. Chaikin Money Flow (CMF) remains above zero near 0.24, suggesting buyers are still active beneath the surface.
Social activity has cooled after peaking, reducing speculative noise and allowing price to stabilize — often a healthy setup for the next move.
Key levels to watch: • $0.137 breakout zone
• $0.144 — confirmation
• $0.214 — first upside target
Downside support stands at $0.118, with structure weakening below $0.096.
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