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Analyzing why CC is stalling despite Canton generating $60.8M in feesWall Street’s blockchain integration is getting busier day by day. Canton [CC], an institutional settlement network backed by DTCC 

Analyzing why CC is stalling despite Canton generating $60.8M in feesWall Street’s blockchain integration is getting busier day by day.
Canton [CC], an institutional settlement network backed by DTCC and JPMorgan, has generated $60.8 million in fees over the past thirty days.
The development arrives as CC attempts to rebound from a key technical support level, setting up a potential clash between strengthening fundamentals and compressed price action.

Price remains stuck despite improving fundamentals

Interestingly, the adoption milestone comes while the token continues to trade within a relatively tight range.

On the daily chart, price recently bounced from a flag support near $0.1497. The level has acted as a key area of demand during the current consolidation phase. At the same time, the Relative Strength Index has fallen into oversold territory as of writing.

That combination warrants attention as oversold readings frequently appear as selling pressure fades. When they coincide with strong support levels, traders typically start looking for signs of a reversal. However, the market is yet to deliver a decisive breakout despite the optimistic technical indicators.



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