Canton surges, Four and Plasma extend rallies
Canton (CC), Four (FORM), and Plasma (XPL) are the top-performing crypto assets over the last 24 hours with double-digit gains. The extended recovery in Canton is gaining traction while Four and Plasma target a decisive close above the 200-period Exponential Moving Average (EMA) on the 4-hour chart.
Canton gains traction amid bearish RSI divergence
Canton trades in the green at press time on Wednesday, holding the 17% gains from the previous day. The recovery run targets the R1 Pivot Point at $0.1636, which serves as immediate resistance.
If CC clears this level, it could aim for the R2 Pivot Point at $0.1860.
The momentum indicators on the daily chart indicate a bullish bias. The Relative Strength Index (RSI) at 72 resurfaces into the…
