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The Cantonese Coin (CC) came out of its cup neck and handle and entered the price discovery, as expected. Canton’s price breakout was confirmed with a daily close above $0.13, and the current stock is trading near $0.16.
The expected price target is close to $0.34, representing a 141% move from the pattern. The match is valid, but two charts now indicate that the path may not be a straight line.
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The discovery was confirmed, and expectations remain above $0.21
The neck break was cleaned and I respected the cup and handle structure from November to the end of December. On December 30, Canton finally managed to break the neck zone between $0.13 and $0.14. According to a previous analysis. From that moment, the first serious obstacle is at $0.21, according to the initial discovery chart.
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If Canton confirms a daily close above $0.21, the extension opens towards $0.34. This is the full height projection of the model. The breakout is valid on the chart, but the question now is whether the market can support the target without a correction first.
Volume is stable while capital flow is weak
Canton currency rate It is growing, but two cards are worrying.
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Balance volume (OBV) has stabilized since the breakout. OBV measures volume pressure, so a flat move during the upside indicates that fewer new buyers are joining. It is not a failure of direction, but it limits the vertical continuity.
Chicken Money Flow (CMF) does the same thing in a different way. While the price has trended higher since December 13 until now, the CMF has made lower highs. This is a downward bias. This indicates that large capital is not flowing with the same force. The CMF remains positive, but the slope has decreased compared to mid-December levels, showing hesitation.
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Together, OBV and CMF create friction. The chart supports the $0.34 target, but the momentum below indicates a possible pause or pullback before continuing.
The price levels of the Canton determine whether it is a decrease or a continuation is the first
Canton can still maintain the discovery structure even with the pullback. Retesting towards $0.14 is still healthy. This area is located near the neck and keeps the structure intact. A deeper drawdown towards $0.12 still fits the handle logic of the original pattern. Only a sustained stop below $0.12 starts to weaken the downside and open risks towards $0.09.
Below $0.09, the structure breaks, and the price of Canton can target $0.07 or lower.
If momentum returns before any retest, $0.20 to $0.21 is the first serious control point. A clean break above this zone increases the likelihood of testing higher levels. Then the upward path targets $0.26 and finally $0.34, in line with previous expectations.
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In this scenario, the flat divergence between the OBV and CMF becomes background noise rather than reversal signals.
At the moment, the chart is showing an upward breakout. Both metrics tend to decline. and the price levels of the canton Determine which result becomes true.
Canton Coin is between a free path to an expected move of 141% and the first technical proof of discovery. Currently, the area of ​​$0.20-0.21 (for the upside) and the area of ​​$0.12-0.14 (for the downside) define the next path.
