Canton has been quiet for a while after its launch in November. Soon after going live, the price kept sliding and stayed under pressure for weeks. From those lows, things flipped quickly. Canton moved up almost 200% from its low and pushed into a new all-time high, which brought it back into focus. After that run, the price has cooled off a bit, which is normal after such a move. Right now, Canton is trading near $0.1456, up around 11.50%, and volume is up close to 190%, showing that activity is still there.
There is also a broader story building around the network. News around JPM Coin expanding to the CC Network has added to the interest, especially from the institutional side. With price pulling back from the high and volume picking up again, now the question is. Is this just a pause after a big run, or can Canton build enough momentum to head back toward its all-time high again?
On the 4-hour chart, price first pushed higher and faced strong rejection near the $0.17720 zone, shaping the current CC short-term price action. That area clearly acted as a supply, and after hitting it, the price started to cool off. The pullback that followed was not aggressive. Instead of breaking down, the price slowly moved lower, which already hinted that sellers were not fully in control.
Source: TradingView
During this correction, CC entered the Fibonacci 0.5–0.618 zone between $0.11769 and $0.13175. This zone worked as a clear demand area. Price spent time here, moved sideways, and showed multiple reactions, suggesting accumulation rather than panic selling. Buyers stepped in quietly and absorbed pressure.
From this range, price bounced again and is now trading near $0.14950. While this recovery looks healthy, the move is still facing friction near $0.15359, which stands out as immediate resistance. A clean break and hold above this level could allow price to revisit the earlier high near $0.17726.
On the downside, as long as the price stays above $0.13175, the short-term structure remains stable. A break below $0.11769 would shift focus toward the 200 EMA near $0.09636, which is the major support to watch.
On the daily chart, Canton's long-term market structure doesn't look too weak; the price is forming a cup-and-handle-type setup. First, there was a sharp fall, followed by a gradual rounded recovery. This recovery was smooth, not like a spike, which forms the shape of the cup. The price then reached the $0.17720 area, which is the neckline of the pattern, and selling pressure emerged from there.
Source: TradingView
The selling was not so aggressive; the price simply pulled back slightly and started moving in a tight range. This part is behaving like the handle; the candles are getting smaller, and the volume isn't particularly aggressive. Currently, the price is around $0.14224 and is trying to hold the $0.12498 zone.
As long as this level holds, the Canton structure remains intact. If the price gives a strong close above $0.17720, it will be considered a breakout of the pattern and a possibility of making a new high. However, if there is a daily close below $0.12498, the setup will weaken, and the $0.09892 level will come into focus.
Canton Price Prediction is at a critical spot right now. Price has recovered well from the $0.11769–$0.13175 zone, and volume is clearly higher, but the market is not out of danger yet. The area around $0.15359 is still acting heavy, and the real test remains near $0.17720, where the price got rejected earlier. On the daily chart, the cup and handle idea stays valid only if $0.12498 holds. Losing that level would quickly shift attention toward $0.09892. For now, the Canton structure looks better than before, but it still needs confirmation. How price behaves near resistance will likely decide whether this move turns into something bigger or fades again.
YMYL Disclaimer: This article is strictly informational in nature and does not constitute an investment recommendation. Investment in cryptocurrencies is extremely volatile. It is always essential to do your own research before making any investment.
Rahul Rathore brings over 3 years of hands-on experience in technical analysis, specializing in crypto, stocks, and market trend forecasting. With a deep understanding of chart patterns, indicators, and market psychology, Rahul delivers precise, actionable insights that help traders and investors make informed decisions. His analytical approach combines technical expertise with real-world market understanding, making his content reliable and highly valued by both novice and experienced traders.