CAN coin price trend analysis

CAN has been fluctuating in this range for 5 days, and so far it has not tested the key support line at $0.76. In fact, this kind of movement is quite common - many coins tend to rebound 1-2% above strong support without actually needing to touch that line.

The logic behind this phenomenon is actually quite interesting. Market participants often lay out their positions in advance, with smart money beginning to accumulate near key support levels, causing prices to rebound before they actually reach those levels. So it appears that when they are about to break down, it actually becomes a great entry point for bulls.

Currently, it seems that CAN may be heading in this direction. If it continues to stabilize, the probability of a breakout to the upside will gradually increase. Conversely, if it truly falls below $0.76, that would indicate a breakdown, and we would need to see where the next support level is.