Canton Network surges after DTCC SEC non‑action letter, traders eye bullish trend

Published: 2025-12-21 13:25:29 |

Canton Network (CC) jumped sharply after the Depository Trust & Clearing Corporation (DTCC) received a non‑action letter from the U.S. Securities and Exchange Commission clearing the way for tokenized U.S. Treasury infrastructure on Canton. CC rose ~36% intraday and has gained 54.3% since Dec 18; daily volume spiked about 307%. On‑chain and market indicators — a 12‑hour structure break, flipped resistance at $0.079–$0.082 into support, and rising On‑Balance Volume (OBV) — signal a bullish trend shift, though a short‑term bearish momentum divergence warns of a possible pullback. Traders are watching technical levels: a bullish invalidation near $0.095, potential accumulation/support near $0.01 on deeper dips, and retests of the new $0.079–$0.082 support. Key drivers include the DTCC regulatory nod, planned DTCC–Canton integration, partnership momentum (including RedStone oracle), and heavy volume. Risks remain from volatility and weekend liquidity; monitor Bitcoin performance as a potential catalyst. This is not financial advice.

Bullish

The DTCC’s SEC non‑action letter is a significant regulatory development that materially improves the institutional outlook for Canton Network (CC). The immediate market reaction — a ~36% intraday rally and a 307% surge in daily volume — combined with technical confirmations (12‑hour structure flip, $0.079–$0.082 flipped to support, rising OBV) indicates strong buying interest and a likely trend shift from consolidation to an uptrend. Short‑term risks include a bearish momentum divergence and high volatility, which could prompt pullbacks toward cited support zones (notably psychological $0.01 and the $0.079–$0.082 level). However, the regulatory endorsement and integration plans with DTCC increase the probability of sustained institutional demand over the medium to long term, supporting higher price discovery. Traders should manage risk with clear invalidation levels (e.g., $0.095) and watch volume and Bitcoin for confirmation.