Canton (CC) To Rise Higher? This Key Bullish Breakout Hints At Potential Upside Move

2025-12-30 14:08:38

Date: Tue, Dec 30, 2025 | 01:45 PM GMT

The broader cryptocurrency market is showing modest strength, with both Bitcoin (BTC) and Ethereum (ETH) trading in the green. This steady performance among major assets has helped stabilize overall market sentiment, allowing select altcoins — including **Canton (CC) **— to develop constructive technical setups.

CC is standing out with an impressive 13% daily gain. More importantly, price action confirms a technically significant breakout, strengthening the case for further upside in the near term.

Source: Coinmarketcap

Rounding Bottom Breakout

On the daily chart, CC has confirmed a breakout from a classic rounding bottom pattern, a bullish reversal structure that typically signals a transition from accumulation to trend continuation.

This formation began taking shape in early November after price was rejected near the $0.1360 resistance level. That rejection triggered a prolonged decline, with CC eventually bottoming around $0.0586. From there, selling pressure gradually faded as buyers stepped in at higher levels, carving out a smooth, rounded base over several weeks.

Canton (CC) Daily Chart/Coinsprobe (Source: Tradingview)

The structure completed once CC pushed decisively back above the $0.1360 neckline, confirming the breakout. This move marked a clear shift in market control from sellers to buyers, supported by expanding candles and improving momentum.

Price is now trading at $0.1490 comfortably above the breakout zone, signaling that bullish participants remain active and that the breakout has so far held without immediate rejection.

What’s Next for CC?

Following a breakout of this nature, a brief pullback toward the former resistance is often healthy. For CC, the $0.1250–$0.1360 region now acts as a critical support zone. A controlled retest of this area, followed by renewed buying interest, would further validate the bullish structure and reinforce confidence in continuation.

If this support holds, the rounding bottom’s measured move projects a potential upside target near the $0.2130 region. This represents roughly a 40%–45% advance from the breakout zone and aligns with the projected extension visible on the chart.

On the downside, failure to hold above the neckline could slow momentum and trigger a period of consolidation. A sustained drop back below the breakout level would weaken the bullish outlook and delay any upside continuation. However, as long as CC remains above reclaimed support, the technical structure favors higher prices in the sessions ahead.

For now, the breakout remains intact, and CC appears well-positioned to extend its recovery move if broader market conditions remain supportive.

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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