Canton charts a one-way ticket to $0.135 🚂 as sellers raid the channel

Canton [CC] traded at $0.1495 after a 1.42% decline over the past 24 hours, with the drop erasing recent gains and leaving buyers unable to reclaim a multi-month technical structure. The token slipped below its ascending channel after sellers overwhelmed a trendline that had guided price higher since late March, briefly dipping under the $0.1465 level before a modest rebound lifted it back toward $0.1495. That recovery failed to push price back inside the channel, leaving the bearish setup intact and shifting focus toward the next downside objective on the chart. If selling continues, Canton is positioned to extend toward a projected $0.135 zone before buyers attempt a stronger recovery.

Daily indicators reflected the deterioration in market strength. The Relative Strength Index fell to 37.35, dropping below its moving average at 47.35 and showing weakening buying momentum, though it had not yet entered oversold territory. The MACD remained below its signal line, with the MACD reading -0.00204 against a signal line at -0.00058, while the histogram held at -0.00146, confirming that sellers retained control across the daily timeframe. Continued weakness in those readings could support another leg lower before stronger buying interest emerges.

The Liquidation Heatmap showed that liquidity accumulated beneath the current market price, particularly between $0.146 and $0.145, marking the nearest downside attraction after CC lost its ascending channel. Another notable cluster appeared around the projected $0.135 zone, identifying that area as the next significant objective if sellers maintain control. The largest upside liquidity rested near $0.152, though price would likely need to complete a lower sweep before that region comes back into focus. If buyers absorb selling pressure near the lower liquidity zones, the market could begin rotating toward higher liquidation clusters.