2 hours ago
2
CC traded as high as $0.102 today before easing toward $0.098 at the time of writing. The rebound has improved short-term momentum, but price is now approaching its first meaningful resistance while remaining below every major daily moving average.
Key Takeaways
- The rebound has improved momentum without reversing the broader daily downtrend.
- The 0.236 Fibonacci retracement near $0.107 is the first clear technical hurdle.
- Recent Canton developments may support sentiment, but none cleanly explains the timing of the rally.
- A return below $0.093 would put the recent low back under pressure.
A 15% Bounce Inside a Bigger Downtrend
CC reversed sharply after touching $0.087, climbing to just above $0.102 over the following two sessions.
Daily RSI had fallen deep into oversold territory during the selloff and remains close to 30 even after the recovery. With selling already stretched that far, easing pressure alone can be enough to produce a strong relief move.
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