#Canton ( $CC ): Losing Structure, Gaining Volatility

#Canton’s bullish run has cracked. After breaking down from a rising wedge, CC now trades under clear bearish control.

Lower highs and weaker rebounds confirm fading momentum. The $0.126 support is soft, while $0.1339 acts as firm resistance a tight compression that sets up the next volatile move.

A $385K exchange outflow hit during the drop, signaling traders cutting exposure. Open Interest climbed 4% to $25.46M as prices fell, showing shorts stacking up. Repeated long liquidations have followed, deepening sell pressure and weakening buyer confidence.

Still, when liquidations pile up, bounces often follow. The $0.123–$0.120 zone now defines the battleground. A clean break could trigger another leg lower, while a rebound might fuel a short squeeze.

Canton’s structure is fragile, sentiment cautious, and volatility high. Sellers dominate for now but in thin markets, even a spark can flip direction fast.