source avatarCypress Demanincor

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Canton Coin Market Structure Update @CantonNetwork $CC has once again seen buyers successfully defend the $0.13916 dark pool, while the passive seller at $0.17 has defended at this level again. The battle remains centered around the $0.17 passive seller. If buyers can finally reclaim and hold above this level, it could trigger a major sell-side squeeze. The sellers who have been suppressing price below $0.17 since the beginning of February will likely have stop losses positioned above resistance. If those stops are triggered, they could convert into additional buy volume. The next key upside target remains $0.18194. A decisive break above this level would signal a significant shift in market structure and open the door for buyers to target the larger sell dark pool region between $0.21 $0.24 and $0.29. For now, the bullish thesis remains intact as long as buyers continue defending the $0.13916 dark pool, with $0.17 remaining the critical level to watch.

No.0 picture
No.1 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.