Canton Extends Bullish Trend—Is a Small Pullback on the Horizon?

Canton price surged iconically, going against the current market sentiments and smashing new highs. In the times when Bitcoin and the other popular cryptos are facing significant pressure, altcoins like Monero and Canton have held the markets upright. The CC price has surged by more than 10.45% in the past 24 hours, outpacing a stagnant crypto market

On the daily chart, Canton (CC) is consolidating just below the $0.18–$0.19 resistance zone after a sharp upside move. While the price structure remains bullish, the Supply/Demand Zones indicator shows no strong demand block forming near this resistance, indicating that buyers have not yet absorbed overhead supply. Most visible demand remains concentrated lower, around $0.12–$0.15, where the prior accumulation phase occurred.

At the same time, the Chaikin Money Flow (CMF) remains positive (~0.12–0.14), signalling that capital inflows are still present despite the lack of fresh demand zones at resistance. This divergence suggests the rally is being supported by ongoing inflows and positioning, rather than aggressive spot accumulation at higher levels. As a result, CC may require consolidation or a shallow pullback to allow demand to rebuild before attempting a sustained breakout toward $0.21–$0.23.

With CMF beginning to roll over while no fresh demand has formed near resistance, the setup points to a higher likelihood of short-term consolidation or a controlled pullback rather than an immediate upside breakout.

How High Can CC Price Go in February?

If Canton (CC) sustains acceptance above the $0.155–$0.16 support zone and secures a daily close above $0.19, the bullish structure remains intact into February. Under this scenario, CC could target $0.21 initially, followed by $0.23–$0.24, where higher-timeframe supply is expected. However, failure to hold above $0.155 would weaken momentum and likely shift the price into a consolidation phase rather than an immediate continuation.

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