Cryptocurrency Market Anticipates Significant Supply Wave
- Supply Release Overview: Over $464 million worth of tokens are set to be released from January 26 to February 2, significantly impacting short-term price balances, which investors are closely monitoring.
- One-Time Unlock Impact: SUI plans to unlock 45.97 million tokens valued at approximately $64.36 million, representing 1.21% of its adjusted supply, while SIGN aims to unlock 290 million tokens worth around $11.61 million, accounting for 17.68%, potentially leading to short-term price volatility.
- Daily Supply Increases: Projects like RAIN and SOL will also have daily unlocks, with RAIN releasing 9.41 billion tokens valued at approximately $89.86 million, indicating its potential market impact.
- Market Reaction Expectations: While higher market cap tokens like DOGE and AVAX have lower unlock ratios suggesting limited price impact, the high unlock ratios in other projects may trigger greater market volatility.
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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 4 technical signals, shows that 3 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 | 0.116 | 0.136 | 0.156 | 0.176 | 0.196 | 0.216 | 0.236 |
| Fibonacci | 0.136 | 0.151 | 0.161 | 0.176 | 0.191 | 0.201 | 0.216 |
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