Top 3 altcoins with prominent trends today - January 22

Canton (CC), MYX Finance (MYX), and Pump.fun (PUMP) are emerging as bright spots leading the market recovery over the past 24 hours, amid the overall cryptocurrency market’s pause to “gain momentum” after a sharp correction. From a technical perspective, these altcoins are gradually approaching key resistance levels as selling pressure shows clear signs of weakening.

Notably, this recovery coincides with the easing of US–EU trade tensions, following news of a framework agreement reached during discussions between US President Donald Trump and NATO Secretary General Mark Rutte on Wednesday. The talks covered issues such as Arctic security and the $175 billion Golden Dome missile defense system, in exchange for the removal of tariffs, thereby helping to improve market sentiment.

Canton’s recovery could signal a stable upward trend

Canton Network’s flexible and customizable privacy control mechanisms are helping this project stand out as one of the layer-1 blockchains particularly favored by organizations. Notably, it supports tokenization of assets held by the Depository Trust Company (DTC), along with JP Morgan’s integration of the JPM Coin into its payment system. At press time, CC is trading around $0.15 on Thursday, after an 18% increase the previous day.

Daily CC/USDT chart | Source: TradingView The weekly recovery of CC has yielded approximately 25% profit, with buying momentum aiming to challenge the Pivot R1 level at $0.1859.

Technical indicators on the daily timeframe continue to reinforce a positive outlook as selling pressure weakens. RSI has reached 60 and is turning upward from the neutral zone, approaching overbought levels, while the MACD line is nearing the signal line, increasing expectations of a bullish crossover soon.

In a correction scenario, CC could retreat to the support zone around $0.12 – the price level established this week – before facing a key psychological support at $0.10.

MYX Finance attracts attention with expectations of breaking out of accumulation zone

MYX Finance remains in a sideways trend within an accumulation range from $4.87 to $6.07 on the daily chart. Currently, MYX is trading above $6, indicating signals of preparing to challenge the resistance zone above $6.07.

Daily MYX/USDT chart | Source: TradingView If this altcoin surpasses the above threshold, the price could open up strong upside potential, targeting the 78.6% Fibonacci retracement level at $10.82 — calculated based on the swing from the closing price of $17.39 on 9/17 to $1.89 on 11/3.

Technical indicators also support a bullish outlook: MACD is about to form a bullish crossover, while RSI has risen to 64, approaching overbought territory.

Conversely, if MYX corrects, the 50-day EMA line, currently rising around $4.50, could serve as a crucial support zone, limiting the risk of a sharp decline.

Pump.fun’s recovery on the 50-day EMA still at a crossroads

Pump.fun is currently trading around the 50-day EMA at $0.0025 as of Thursday, after a 10% increase on Wednesday. This Solana-based launchpad token aims to reach the 100-day EMA and the R1 Pivot level, approximately $0.0029, if the recovery momentum continues.

Daily PUMP/USDT chart | Source: TradingView The MACD indicator’s MACD line remains above the signal line, temporarily delaying a bearish crossover, which helps bulls maintain short-term momentum. RSI hovers around 53, above the neutral threshold, indicating a slight upward trend amid a market that remains neutral.

Conversely, if PUMP suddenly reverses, selling pressure could push the price back to the round level of $0.0020.