CAN has been consolidating within its longer-term wedge pattern all week. Friday showed some encouraging signs—the price managed to hold above both the EMA10 and SMA20, though we shouldn't read too much into it yet. The real concern? Trading volume is still anemic.



On the upside, $0.835 remains the key resistance level. This zone has rejected buyers 9 times over the last 17 sessions, so it's clearly a stubborn barrier. Until we see a clean break above there with conviction, we're probably stuck.

Downside protection sits around $0.783 at the wedge bottom. That's where things get interesting if sellers take over.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)