CAN recently pushed through the $0.835 resistance level—a breakthrough we haven't seen in quite some time. The momentum looked promising, though the token stopped short of reclaiming its 200-day moving average (marked by that purple line on the chart). That moving average now sits as the next key hurdle to clear.
Here's what could shift the narrative: if BTC manages to hold steady above $95k, it could provide serious bullish fuel for altcoins like CAN. But that's a big 'if'—Bitcoin needs to maintain these elevated levels consistently. And CAN will need its own follow-through to capitalize on any spillover momentum.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CAN recently pushed through the $0.835 resistance level—a breakthrough we haven't seen in quite some time. The momentum looked promising, though the token stopped short of reclaiming its 200-day moving average (marked by that purple line on the chart). That moving average now sits as the next key hurdle to clear.
Here's what could shift the narrative: if BTC manages to hold steady above $95k, it could provide serious bullish fuel for altcoins like CAN. But that's a big 'if'—Bitcoin needs to maintain these elevated levels consistently. And CAN will need its own follow-through to capitalize on any spillover momentum.