- Canton’s breakout above $0.17 targets $0.20–$0.22, fueling bullish momentum.
- Retail interest rises post-Swyftx listing, signaling strong buying pressure.
- Cup and handle pattern suggests potential price surge toward $0.22.
Canton’s price is currently trading at $0.15206 after a sharp rally from the January 19 low. Despite some consolidation, the token has shown strong momentum, with buying interest spiking after the Swyftx listing on January 21. This surge helped push CC above all four exponential moving averages (EMAs), while a bullish pattern on the daily chart nears completion. As retail interest continues to grow and the price moves closer to key resistance levels, questions arise: Can CC maintain its bullish momentum and break above $0.20 soon?
Swyftx Listing Sparks Retail Interest
The Swyftx listing on January 21 significantly increased the visibility of Canton, reinforcing its narrative around privacy and blockchain interoperability. The move ignited immediate buying interest, pushing the price above key technical levels. This was further amplified by the token’s decoupling from broader market weakness, which indicates that the rally was driven by Canton-specific catalysts rather than general market sentiment.
The listing also provides another access point for retail traders, expanding the potential buyer base. As new participants enter the market, listings like these often create sustained interest, resulting in a more active and resilient token price.
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Cup and Handle Pattern Nears Completion
On the daily chart, Canton has formed a textbook cup and handle pattern since November. The cup section shows a rounded bottom from the $0.15 neckline to $0.02 lows, before recovering back to resistance. The handle portion is currently forming as the price consolidates just below the neckline. Cup and handle patterns are classic continuation signals, and a breakout above the $0.17 neckline could trigger a measured move toward $0.20 to $0.22, based on the depth of the cup.
Derivatives Activity Shows Confidence
Futures markets are also reflecting growing conviction in the rally. According to Coinglass, open interest has increased by 8.37% to $29.13 million, while trading volume rose by 28.07% to $59.70 million. The increase in both metrics signals that new money is entering the market rather than existing positions being shuffled. Additionally, shorts are being squeezed as $55.04K in short positions were liquidated in the past 24 hours compared to $23.29K in longs. This dynamic suggests that the bulls are firmly in control for now.
Source: Coinglass
Price Holds Above EMA Cluster
On the 4-hour chart, Canton is trading above all four key EMAs for the first time since early January, marking a shift from a bearish to a bullish structure. The price is currently using the 20 EMA at $0.1444 as support, with additional support levels at $0.1375 (50 EMA) and $0.1276 (200 EMA). Immediate resistance lies at $0.156 (descending trendline), while the cup neckline at $0.17 marks the key resistance level. A breakout above this resistance would validate the cup and handle pattern and could send the price toward the $0.20 to $0.22 range.
Source: Tradingview
Bulls Eye Break Above $0.17 for Next Leg Up
In shorter timeframes, the price has been forming higher lows since the January 19 low, signaling strong buying pressure. The Relative Strength Index (RSI) is at neutral levels after pulling back from overbought conditions, while the Moving Average Convergence Divergence (MACD) remains positive, indicating that bullish momentum is still intact. A break above $0.156 would clear the descending trendline and confirm that the handle is complete, setting up a move toward the $0.17 neckline and potentially triggering the cup breakout.
Source: Tradingview
Key Support and Resistance Levels for Canton
For the bullish case to remain intact, Canton must hold above the 20 EMA at $0.1444 and secure a break above $0.156. A decisive daily close above the $0.17 neckline would confirm the cup and handle pattern and target $0.20 to $0.22. On the downside, failure to hold the 50 EMA at $0.1375 would weaken momentum and expose the $0.1276 level. A deeper breakdown would invalidate the bullish structure and bring the $0.12 support back into focus.
Canton Price Prediction 2026–2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2026 | $0.12 | $0.15 | $0.22 |
| 2027 | $0.15 | $0.20 | $0.25 |
| 2028 | $0.18 | $0.22 | $0.28 |
| 2029 | $0.20 | $0.25 | $0.32 |
| 2030 | $0.22 | $0.28 | $0.35 |
2026
Canton enters 2026 following a strong rally and breaking through key technical levels, with a confirmed bullish trend if it can clear the $0.17 neckline. A successful break above this level could target $0.20–$0.22 by the end of the year.
2027
As retail interest continues to grow and institutional involvement strengthens, Canton could trade in a higher range. The price is likely to continue following a measured path, with a potential upside to $0.25 by 2027.
2028
Sustained demand from both retail and institutional investors could help Canton maintain upward momentum. The project’s narrative around privacy and interoperability may continue to attract capital, supporting a price range of $0.22–$0.28 by 2028.
2029
If the bullish trend persists and the price continues to defend higher support levels, Canton could aim for $0.32 by 2029. Sustained acceptance above previous resistance levels would be crucial for maintaining this bullish momentum.
2030
By 2030, Canton could establish itself as a strong player in the privacy and interoperability space, positioning itself for further growth. A confirmed long-term trend above $0.28 could set the stage for the next major rally, with a maximum price projection of $0.35.
Conclusion
Canton’s price has shown promising signs of a bullish reversal, particularly after breaking above key moving averages and nearing the completion of a cup and handle pattern. As retail interest grows and institutional-grade narratives continue to unfold, the token could be poised for a breakout above $0.20 in the near future. The coming weeks will be crucial for confirming the continuation of this trend, with key support levels at $0.1444 and $0.1375.
FAQs
1.Why is Canton’s price rising now?
The price surge is largely driven by the Swyftx listing and growing retail interest, coupled with bullish chart patterns and derivative activity.
2. What is the key support level for Canton?
The primary near-term support is the 20 EMA at $0.1444.
3. What resistance must Canton break to turn bullish?
A daily close above the $0.17 neckline is crucial to confirm the cup and handle pattern and trigger a breakout toward $0.20.
4. Could Canton fall back to $0.12?
Yes. A failure to hold the 50 EMA at $0.1375 could expose the $0.12 support level.
5. Is Canton still in a downtrend?
No. Canton has shifted to a bullish structure above key moving averages, with a potential breakout on the horizon.
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