Canton (CC) To Climb Higher? This Key Bullish Breakout Hints At Potential Upside Move
Key Takeaways
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Canton (CC) surged over 13%, outperforming the broader crypto market amid widespread weakness.
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The daily chart confirms a Cup and Handle breakout, a bullish reversal pattern.
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CC has broken above the handle resistance near $0.1413, signaling early bullish momentum.
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The key neckline resistance lies between $0.1586–$0.1685, which remains the next major hurdle.
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A successful breakout above the neckline could open the door for a measured move toward $0.2752.
Canton Coin (CC), the native utility token of the Canton Network — a privacy-enabled public Layer-1 blockchain — is quietly stepping into the spotlight. While the broader crypto market remains under pressure, CC is flashing relative strength, posting an impressive 13% daily gain and standing out among largely red charts.
Beyond the price jump, what’s drawing attention is the technical structure forming on the daily timeframe, which now suggests that CC may be entering the early stages of a larger bullish move.
Source: Coinmarketcap
Cup and Handle Breakout Signals Trend Shift
On the daily chart, Canton has completed a textbook Cup and Handle formation, a bullish reversal pattern that often marks the transition from accumulation into trend continuation.
The “cup” portion of the pattern began forming in November, following a sharp rejection from the $0.1586–$0.1685 resistance zone. Price then sold off aggressively, eventually bottoming near $0.062, before gradually rounding out — a sign that selling pressure was fading and buyers were slowly regaining control.
After the rounded base was established, CC entered the “handle” phase, characterized by a short-term downward channel and lower volatility. This phase typically shakes out weak hands before the next move higher.
Canton (CC) Daily Chart/Coinsprobe (Source: Tradingview)
That breakout has now arrived.
Price has pushed decisively above the handle resistance near $0.1413, signaling renewed bullish momentum and offering an early indication that the broader pattern may be resolving to the upside.
Momentum Builds Despite Market Weakness
What makes this breakout more notable is the context. CC is advancing while the broader market remains cautious, suggesting relative strength and selective accumulation rather than a purely market-driven bounce.
As long as price holds above the former handle resistance, the breakout structure remains intact and favors continuation rather than immediate rejection.
What Could Come Next for CC?
With the handle breakout done, attention now shifts to the neckline resistance zone between $0.1586 and $0.1685. This area previously acted as strong supply and will likely be the next major test for bulls.
A successful breakout and daily close above this zone would confirm the Cup and Handle pattern and potentially unlock a measured move toward the $0.275 area, based on the depth of the cup formation.
Until that happens, CC may pause or consolidate near current levels, but the overall structure continues to lean bullish as long as price remains above the breakout zone.
For now, Canton Coin appears to be transitioning from accumulation into expansion — and if momentum continues to build, CC could be setting up for a much larger move in the sessions ahead.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
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