Cryptocurrency market variables: Canton plummet signals, TON and LDO focus on technical resistance levels

Recent movements in the cryptocurrency market are showing extreme fluctuations. Major projects that once drew attention are each following different trajectories, with technical indicators like the RSI index influencing investor decisions.

Canton, Sharp Rise Followed by Sudden Halt… RSI Overheat Signal

Canton (CC) has moved away from its previous strong upward trend and entered a full correction phase. According to the latest data, it has experienced a 24-hour decline of -9.44%, deepening from the slight dip on Monday morning.

Looking at the 4-hour chart, multiple signals are mixed. The RSI index has exceeded the overbought threshold of 73, signaling overheating, but the green histogram bars on the MACD still suggest buying momentum remains. The central pivot point at $0.1215 and the psychological support level at $0.1000 are likely to be tested again.

If the current downtrend reverses, there is potential for a rebound up to the pivot point R1 at $0.1636, but considering the RSI level, it is more probable that a sufficient correction will occur first.

The Open Network, Approaching Resistance After 8 Days of Continuous Rise

Toncoin (TON) continues its strong upward momentum but has recently declined slightly by -0.53% over 24 hours. This is seen as a temporary pause, and the massive upward trend of 8 consecutive days is unlikely to be completely broken.

Currently, it is near the important technical level of the 50-day Exponential Moving Average (EMA) at $1.69. The RSI remains above the midpoint at 59, showing ongoing buying pressure. The pattern of MACD and signal line expanding toward zero also supports strong upward momentum.

Breaking through $1.69 could target the R1 pivot point at $1.79, but the support level at $1.444, maintained since November 21, should be considered, as a reversal below this could lead to a retest.

Lido DAO, Overcoming Downward Pattern and Moving Toward a Full Rebound

Lido DAO (LDO) shows interesting movement. The latest data records a decline of -0.79%, but from a technical perspective, it is passing a critical threshold after six consecutive gains.

LDO has broken out of a falling wedge pattern, with the next target being the 50-day EMA at $0.6431. The RSI at 52 has crossed above the midpoint, indicating reactivation of buying pressure. The upward movement of MACD and the signal line above zero also supports sustained upward momentum.

If it surpasses $0.6431, it could aim for the R1 pivot point at $0.7194. However, if a reversal occurs at $0.5743, the breakout of the falling wedge pattern would be invalidated, and there is a risk of falling to the S1 pivot point at $0.5118.

Market Summary: Canton’s sharp decline and RSI overheating symbolize market volatility, while TON and LDO are at critical junctures, having passed technical resistance levels. The pivot points and EMA levels of each asset are expected to be key variables in determining future trends.