Canton Coin Burns $155M in Fees, Yet Sellers Just Broke Its Support
Photo: ETHNews
Canton Coin fell below its 50-day moving average and a key Fibonacci support level. Sellers rejected the token near the same resistance for almost three weeks. CertiK ranked Canton first among compared blockchains for third-quarter fees. Daily fee activity has slowed compared with the pace recorded in June. Canton Coin (CC) fell roughly 8% on Thursday to trade near $0.106 on OKX, breaking below both its 50-day exponential moving average and the 0.618 Fibonacci retracement within a single session. Both levels had held the token’s October range together.
Source: ETHNews
