Canton Network (CC) hits 18%: Is breaking through towards $0.135 realistic?

Recent price movements of Canyon in the financial markets indicate investor interest in this asset. Canton Network is currently trading at $0.11, achieving an increase of 18.24% in the last session. This rise represents a rebound from support at $0.079 from previous days and has raised the market capitalization of CC from 2.8 billion to approximately 4.12 billion USD, according to the latest data.

Capital Flows Confirm Growing Interest

Data from the spot instrument market (spot) indicate a clear dominance of buyers. Volume analysis showed $20.3 million in buy transactions compared to $17.9 million in sales during the rebound phase, resulting in a positive Buy/Sell Delta of $2.4 million. This indicator points to solid accumulation at the retail market level.

Even more revealing are the flows between wallets and trading platforms. In recent days, Canton recorded net outflows from exchanges of -$5.62 million ($37.44 million outflows versus $31.81 million inflows). This pattern has historically preceded strong price increase periods, as it suggested accumulation outside the markets. A similar situation was observed on December 23, when the difference was $37 million in favor of outflows.

Derivative Market Strengthens the Uptrend

Futures segments of the market responded much more actively to the potential CC rebound. Derivative volume rapidly increased by 187.44% to $156.25 million, while open interest (OI) increased by 34.4% to $19.3 million. This divergent growth indicates inflow of new capital into futures contracts.

Net flows in futures increased by 242% to $1.43 million, with inflows of $63.6 million. Such metrics traditionally indicate rising bullish expectations among traders holding positions in more aggressive instruments.

Technical Charts Support Optimism

Technical indicator analysis revealed bullish signals. The CC Stochastic RSI generated a positive crossover and entered the overbought zone near 83, while the Directional Movement Index showed a similar bullish crossover with trend strength above 31. These combinations suggest buyers are taking the initiative at least in the short-term perspective.

Where is Canton Heading?

Synchronized activity across spot, futures markets, and technical signals suggest sustained upward pressure. If this momentum continues, breaking the $0.11 level seems feasible, which could open the path toward the target level of $0.135 indicated by previous support.

A bearish scenario would be characterized by a loss of momentum and a decline toward the $0.08 zone, where previous support lies. Monitoring capital flows and technical parameters will be key to determining whether Canton maintains its current dynamics or faces a correction.