Canton (CC) recorded a 288% increase in daily volume , but despite a 5.2% jump, the price has yet to break through the $0.077 resistance level, indicating that the short-term downtrend has not been broken.
The upward momentum came after the announcement of a partnership with the RedStone oracle and updates on stablecoin liquidation on the network. However, the volume of $21.97 million remains low compared to the market Capital of $2.64 billion, reflecting cautious price movements.
- Daily volume increased by 288% to $21.97 million, but it remains low compared to the market Capital of $2.64 billion.
- Prices rose 5.2% but did not exceed $0.077; the trend structure remains bearish.
- The $0.076–$0.079 range needs to be flipped into support to pave the way for a move toward $0.10.
Volume increased sharply, but the price remained below the $0.077 resistance level.
Canton's daily volume increased by 288% according to CoinMarketCap stats , reaching $21.97 million; the price edged up 5.2% but remained stalled at $0.077.
In a cautious trading environment, BingX is useful as a supplementary perspective: its Derivative tools (OI, funding, liquidation) and Copy Trading help assess leverage sentiment around high-beta altcoins like CC, thereby confirming or denying breakouts from resistance.
The upward momentum is likely related to the announcement of a partnership with the RedStone oracle module, along with signals of more stable liquidation on the network. However, compared to its market Capital of $2.64 billion, the current volume still suggests that the buying pressure is not yet truly strong.
On December 10th, Canton announced its RWA ecosystem utilizing RedStone's customized data feed. The day before, Digital Asset completed its second set of transactions on the Canton Network, highlighting the increased liquidation of stablecoins.
Blockdaemon stated that the combination of private enforcement, provable atomic interoperability, and independent sovereignty makes Canton suitable for a Tokenize fund.
The downward trend of CC has not been broken.
The 12-hour trend remains bearish; the highs of $0.0797 and $0.0824 need to be breached for a reversal, while the Dip of $0.0587 from early December maintains the bearish structure.
The support zone at $0.0723 shows signs of being reclaimed, but not enough to change the bias. Momentum on the Awesome Oscillator remains negative, and the A/D ratio is sideways, indicating no clear accumulation yet. This supports caution regarding technical bounces until a confirmed top/ Dip structure is seen.
Short-term momentum for CC is weak.
Lower timeframes show no improvement: after a quick rebound on December 8th, prices are trading sideways; the A/D ratio on the 1-hour timeframe is declining, reflecting unsustainable buying pressure.
The stagnation that occurred a few days before the RedStone announcement underscores the gap between positive news and a sustained price reaction. With no improvement in cash flow, short-term rallies are susceptible to selling pressure around nearby resistance, coinciding with weakening A/D (Average Due) observations.
What could change the view on price reductions?
The $0.076–$0.079 zone needs to be flipped into support. If rejected, this is a sell zone; if $0.079 is retested as support, a $0.1 target becomes possible.
A clear candle close above $0.0797, accompanied by improved volume and an upward breakout in the A/D ratio, would strengthen the reversal argument. Conversely, a loss below $0.0723 opens the risk of a return to $0.0587. Risk management should prioritize scenario-based approaches rather than chasing news fluctuations.
Infrastructure connectivity and its impact on pricing.
Progress with RedStone and test trading underscores Canton's potential for RWA and stablecoin liquidation . However, the CC price currently still reflects a bearish bias; the market needs further confirmation in structure and volume to fully reflect the platform's improvements.
Frequently Asked Questions
Will CC break through the $0.077 resistance level after its 5.2% surge?
Not yet. The price is stuck at $0.077 despite a 288% increase in daily volume and news of a partnership, indicating that buying pressure remains cautious.
What level needs to be broken to confirm a trend reversal?
On the 12-hour timeframe, a breakout and hold above $0.0797–$0.0824 is needed to establish an uptrend, with a retest of $0.079 as support preferred.
Why is the price not breaking out strongly despite the increased volume?
The trading volume of $21.97 million remains relatively low compared to the market Capital of $2.64 billion; the sideways A/D ratio and negative momentum suggest that accumulation is still unclear.
