Cryptocurrency Market Trends: The Divergent Paths of Three Major Tokens

Looking at the recent days of the cryptocurrency market, Canton (CC), Toncoin (TON), and Lido DAO (LDO) are showing different price movements. The technical signals and indicators these tokens represent are becoming important decision-making data for short-term traders and medium-term investors.

Overall Market Sentiment: Partial Strength Amidst Stagnation

Over the past 24 hours, the cryptocurrency market has remained largely flat, but some altcoins have recorded notable performance. This suggests that the market is entering a selective bullish phase, with investor interest focusing on specific projects.

Canton: Time for Correction After Rise

Canton has achieved a remarkable 23% increase last week and is now in a correction phase. According to the latest data, it has decreased by 1.30% over 24 hours and continues to weaken by about 4% on Monday morning.

Technical Signal Analysis

On the 4-hour chart, Canton’s RSI index is near 73, approaching overbought territory. This indicates a potential short-term pullback or consolidation. At the same time, MACD remains in an upward trend, with the histogram showing green, suggesting underlying buying pressure is still active.

Key Technical Levels

The central pivot point at $0.1215 and the psychological support level at $0.1000 may be tested again. Conversely, if upward momentum recovers, it could aim for the R1 pivot level at $0.1636.

Toncoin: Critical Turning Point in Continuous Rise

Toncoin has been rising for 8 consecutive days, increasing by 3.11% over 24 hours. This sustained growth reflects strong buying demand.

Current Technical Position

The RSI index is around 59, above the midline, indicating increasing buying momentum. The expansion of MACD and the signal line toward zero supports a solid upward drive.

Next Target Levels

Toncoin is currently approaching the 50-day exponential moving average (EMA) at $1.69. Surpassing this level, the next resistance could be the R1 pivot point at $1.79. On the downside, there is a possibility of retesting the support at $1.444, a significant technical level maintained since November 21.

Lido DAO: Signal of Reversal from Downtrend

Lido DAO (LDO) has increased by 3.50% over 24 hours, marking six consecutive days of gains. Breaking through a descending wedge pattern on Sunday is considered a meaningful technical signal.

Pattern Breakout and Its Significance

The breakout from the descending wedge pattern indicates weakening seller influence and the beginning of buyer dominance. As the RSI rises above the midline at 52, buying pressure is reactivating.

Price Target Setting

LDO’s first target is the 50-day exponential moving average (EMA) at $0.6431. Breaking this level could lead to the next resistance at the R1 pivot point at $0.7194. The upward trend of MACD and the signal line toward zero supports this bullish scenario.

Downside Risks

However, if a pullback occurs at $0.5743, the breakout from the descending wedge pattern could be invalidated, with a potential decline toward the S1 pivot at $0.5118.

Considerations for Investors

The technical configurations of these three tokens differ. Canton is in a correction phase, observing the next developments; Toncoin maintains its upward momentum; and Lido DAO is breaking through technical resistance and strengthening its recovery. Momentum indicators like RSI and MACD play crucial roles in assessing short-term movements.