(CC) fell to around $0.16 on Tuesday as sellers pushed the token lower from intraday highs, renewing questions about whether bulls can maintain the recent rally.

The move marked a 3.4% decline over the past 24 hours and followed a week of gains driven by network-related developments and new exchange listings that briefly brought the token back into focus for investors.

Canton has pulled back from intraday highs as traders lock in profits and short-term momentum begins to fade.

The token is lower over the past 24 hours, underperforming several altcoins, including Render, NEAR Protocol, and Worldcoin.

Although the decline has been relatively modest, bulls continue to struggle to break above the $0.17 level in an attempt to push toward a new all-time high.

CC remains roughly 17% below its record peak reached in early February.

Recent gains had been supported by optimism around developments within the Canton Network ecosystem.

Over the past week, sentiment improved after Helios Finance announced plans to launch what it describes as the first credit card native to the Canton Network.

The Visa-powered “Helios Reserve Card” is expected to allow users to borrow against their CC holdings and spend funds at more than 150 million merchants globally.

CC also gained as the crypto exchange Gate listed USDCx, the native stablecoin of the Canton Network.

Despite the pullback, the decline is relatively minor and leaves CC about 8% higher on the week.

The technical picture for CC is mixed but leans cautiously bullish if support holds.

A key factor is that Canton is holding above a horizontal support zone amid a declining daily volume.

The daily chart also shows the 50-day and 100-day simple moving averages converging, with a potential golden cross forming if the 50 SMA crosses above the 100 SMA.

That configuration signals improving medium-term momentum for buyers.

Meanwhile, the relative strength index (RSI) is downsloping from recent highs but remains above the 50 midpoint.

This indicates that bulls retain some control even as momentum cools.

Immediate resistance lies around $0.17; a decisive break and daily close above that level would open the path toward the previous all-time high near $0.20.

Dynamic support from moving averages sits slightly below current prices.

On the flipside, if the RSI dips below 50, it would suggest a deeper pullback.

Buyers will have to defend the $0.15 support zone to maintain the probability of retesting the all-time peak.

A sustained breakdown below $0.15 could invite further downside pressure, with $0.13 a key bearish target.

The post Canton (CC) pulls back from highs as bulls struggle below $0.17 appeared first on Invezz

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