Canton (CC) surged 13% to $0.1491 today as a fresh Swyftx listing and bullish derivatives flows combined to lift sentiment and price action. Why the move mattered - Swyftx listed Canton on January 21, widening retail access and reinforcing Canton’s institutional narrative around privacy and interoperability. The price reacted quickly, suggesting traders bought with conviction rather than hesitation. - Canton’s rally was selective — it outperformed the market rather than riding a broad crypto upswing — putting the focus on whether technical structure, leverage positioning and liquidity will sustain the advance. Technical picture - Chart structure looks constructive: CC is trading in a cup-and-handle continuation pattern and remains firmly above the prior breakout zone at $0.118–$0.120, which now serves as a clear demand base. Buyers have defended that area repeatedly. - Immediate supply sits around $0.150–$0.160, where previous wicks and rejections occurred. Price has compressed into this band rather than being sharply rejected, which suggests absorption of sell pressure rather than distribution. - Momentum indicators support the bullish case: RSI is holding above 50. - A sustained acceptance above $0.150 would project a measured move toward roughly $0.185–$0.190, aligning with visible resistance and overhead liquidity. Loss of the $0.118 support would invalidate the bullish extension and increase the risk of a deeper pullback. Derivatives, leverage and positioning - Open Interest climbed 18.55% to $27.0M (source: TradingView), indicating traders added leverage as the price strengthened. Crucially, the increase came after the rally — a sign of directional conviction rather than hedge-driven selling. Leverage grew during consolidation inside the handle rather than at an extreme reading, which lowers immediate squeeze risk but still raises volatility sensitivity. - Binance top-trader data (CoinGlass) shows long accounts make up about 56% of positions, with a long-short ratio near 1.28. The long bias built gradually, suggesting calculated positioning rather than a frenetic chase. Short exposure remains present, which preserves liquidity for further directional moves. - The liquidation heatmap (CoinGlass) displays a pronounced upside skew: dense short-side liquidity is stacked between $0.150 and $0.157, with another pocket near $0.160. Canton already tested $0.150 without a violent rejection — instead it consolidated, implying shorts may be trapped. Downside liquidation is more dispersed below $0.140, with no comparable concentration until $0.130–$0.128. That imbalance favors upward continuation; reclaiming $0.150 could trigger forced short liquidations and push price toward $0.155–$0.160. Bottom line Canton’s recent move blends a fundamental catalyst (Swyftx listing) with a technically coherent setup and reinforcing derivatives flows. As long as buyers defend the handle and price stays above the $0.118 support, the odds favor a continued rally toward the $0.185–$0.190 area. However, rising leverage means volatility risk is higher — traders should remain cautious. Sources: TradingView, CoinGlass Disclaimer: This article is informational and not investment advice. Cryptocurrency trading is high risk; do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news