Price Position and Structural State
Canton Network (CC) closed at 0.11158 USDT on August 28, 2026, down 0.30%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.08658 USDT, with resistance near 0.14992 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
CC is trading above short-term moving averages but remains below longer-term resistance. MA14 at 0.108072 USDT can act as near-term support for the recovery attempt, while MA50 at 0.114377 USDT is the key level to reclaim for a broader trend shift. Short-term structure has improved, but longer-term moving averages still show overhead resistance.
Trading Friction and Price Efficiency
CC shows high trading friction, with a 3-day friction score of 29.0. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest increased +4.79% in one day and moved above its 30-day range. This shows fresh leverage expansion, with new futures exposure now above the highest level from that range.
Funding is near neutral across the 24-hour and 7-day averages, at -0.000262% and +0.003118%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 1.79, sitting near the upper side of its 60-day range at 88.59%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
CC shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.508 | 0.89 | 0.259 | Moderate linkage |
| 60D | 0.527 | 0.846 | 0.278 | Moderate linkage |
| 180D | 0.316 | 0.397 | 0.1 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
CC is showing wider movement, but participation is not fully backing it. ATR% reads 7.46, close to the bottom of its full historical range, while Bollinger Band width% reads 39.87, close to the top of its 180-day range. 20-day Volume Z-score is -0.42, showing near-normal participation.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +14.79%, while RSI is 51.28.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. CC has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For CC, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.14992 USDT establishes a bullish regime, while a daily close below 55-day support at 0.08658 USDT confirms a bearish regime.