Three reasons why Canton price could surge past $0.18
Canton price has broken out of a cup and handle pattern on the daily chart — May 14 | Source: crypto.news A confirmed breakout from a cup and handle pattern often signals trend continuation and can lead to an upside move roughly equal to the depth of the cup structure. Momentum indicators continue to support the bullish outlook. The MACD recently completed a bullish crossover while the histogram continues printing expanding green bars, signaling strengthening upside momentum. Meanwhile, the Supertrend indicator recently flipped bullish and remains below current price action, suggesting buyers continue maintaining broader trend control. If bulls successfully hold above the previous breakout zone near $0.16, Canton price could soon attempt a move toward $0.18, a target calculated by adding the depth of the cup portion to the neckline breakout level of the bullish cup and handle pattern. A decisive breakout above that level could potentially open the door for a larger rally toward the psychological $0.20 region. On the downside, failure to hold above the current breakout structure could expose CC to renewed consolidation toward support zones near $0.155 and $0.145. For now, traders remain focused on whether institutional adoption momentum and improving technical structure can sustain Cantons recent decoupling from the broader