OliviaJane
#Canton ( $CC ): Losing Structure, Gaining Volatility
#Canton’s bullish run has cracked. After breaking down from a rising wedge, CC now trades under clear bearish control.
Lower highs and weaker rebounds confirm fading momentum. The $0.126 support is soft, while $0.1339 acts as firm resistance a tight compression that sets up the next volatile move.
A $385K exchange outflow hit during the drop, signaling traders cutting exposure. Open Interest climbed 4% to $25.46M as prices fell, showing shorts stacking up. Repeated long liquidations have followed, deepening sell pressure and weakening buyer
#Canton’s bullish run has cracked. After breaking down from a rising wedge, CC now trades under clear bearish control.
Lower highs and weaker rebounds confirm fading momentum. The $0.126 support is soft, while $0.1339 acts as firm resistance a tight compression that sets up the next volatile move.
A $385K exchange outflow hit during the drop, signaling traders cutting exposure. Open Interest climbed 4% to $25.46M as prices fell, showing shorts stacking up. Repeated long liquidations have followed, deepening sell pressure and weakening buyer
CC-3,96%