Canton Network market in the shock of the departure of buyers; Is CC’s 172% rally in danger?
If this support is lost, the pattern is weakened and the possible 172% rally is postponed. To activate the uptrend, the price must first break above $0.15 and then break through the $0.19 resistance.
Despite a 10-fold increase in social atteion, the volume of transactions and the ery of large capital remains weak.
The Balanced Volume (OBV) and Chaikin Money Flow (CMF) indicators show that large investors are not eering the market and liquidity is limited. This situation has increased the downward pressure and strengthened the possibility of the bullish pattern breaking.
It seems that the price of Caon is currely being held up by social hype and there is little real buying from large investors.
Traders should watch for price reaction to key levels; Because the smallest selling pressure can jeopardize the rally of this cryptocurrency.
