Canton Network's Blockchain Trial Explores Collateral Reuse Using Tokenized US Treasuries
Onchain US Treasury Financing: Digital Asset and financial institutions have successfully completed a second round of onchain US Treasury financing on the Canton Network, utilizing multiple stablecoins and demonstrating real-time collateral reuse.
Collaboration and Innovation: The trial involved major players like Bank of America and Citadel Securities, showcasing a new market model for institutional finance that enhances liquidity and operational efficiency compared to traditional finance methods.
Canton Network Growth: The Canton Network has been expanding its influence in the tokenization sector, recently securing $50 million in funding to support scaling efforts and leading the market for tokenized real-world assets with over $370 billion represented onchain.
Strategic Developments: Notable developments include Franklin Templeton migrating its investment platform to the Canton Network, further solidifying its position in the blockchain space compared to other public chains like Ethereum and Solana.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.115 | 0.135 | 0.155 | 0.176 | 0.196 | 0.216 | 0.236 |
| Fibonacci | 0.135 | 0.151 | 0.16 | 0.176 | 0.191 | 0.201 | 0.216 |
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