Image of CAN
CANChannels
$0.0003063
0.35%
1D

Channels Analysis

Investment Score
A quick view into Channels's investment prospects.
7.6

The asset still looks technically supportive, with multiple signals continuing to back the setup.

What is helping
  • Squeeze Breakout Setup: Bollinger Bands are historically compressed and price is above EMA50, suggesting an expansion move may be underway.
  • Price is holding above the volume-weighted average, which suggests the move still has volume-backed support.
Main risks
  • Price is too close to resistance relative to nearby support.
  • Trend Exhaustion Risk: Price is more than 5% extended above EMA50, increasing the risk of a pullback or mean-reversion dip.
Market State Summary
Current regime
Bull Quiet
Confidence: 95%
Why this state?
  • CAN is above SMA50
  • SMA50 is above SMA200
  • SMA50 slope is positive over the last 10 days
  • 30-day return is positive
  • ATR volatility is below the 60th percentile of its trailing 180-day history
Suggested strategy

In the current Bull Quiet regime, the best-fit approach is Trend following / buy dips. Trend conditions are constructive and volatility is contained, which usually favors following the move higher and looking for pullbacks instead of fading strength.

Trend
Bullish
CAN is trading above key moving averages and the medium-term trend is still rising.
Momentum
Neutral
RSI is 59.88, which is neither overbought nor oversold.
Volatility
Quiet
CAN ATR volatility is below the 60th percentile of its trailing 180-day history.
Key Levels
Resistance zone
$0.0003253 - $0.0003414
Active zone
$0.0002561 - $0.0003252
Support zone
$0.0002095 - $0.0002408
Chart Patterns
SMA50
SMA100
SMA200
RSI
Neutral
MACD
Bearish
ATR%
Quiet
Volume
High
Support & Resistance

Channels support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.

Support zone
$0.0002095 - $0.0002408
Resistance zone
$0.0003253 - $0.0003414
Active zone
$0.0002561 - $0.0003252
Levels Table
LevelZoneStrength
Support 1$0.0002095 - $0.0002408
Resistance 1$0.0003253 - $0.0003414
Resistance 2$0.0003425 - $0.0004354
Resistance 3$0.0004519 - $0.0004679
Resistance 4$0.0005303 - $0.0005564
Active 1$0.0002561 - $0.0003252
Scenario Analysis
Bullish scenario

CAN clears the resistance zone at $0.0003253 - $0.0003414 and holds above it. That would strengthen the breakout case and shift attention to $0.0003425 - $0.0004354.

Bearish scenario

CAN loses the support zone at $0.0002095 - $0.0002408. That would weaken the setup and open the way toward $0.0002095 - $0.0002408.

Neutral scenario

CAN continues trading between $0.0002408 and $0.0003253. In that case, range-trading conditions remain active.

Technical Indicators

Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.

IndicatorValueSignalInterpretation
SMA50
$0.0002891
Bullish
CAN is trading above the 50-day average.
SMA200
$0.0002618
Bullish
CAN remains above the long-term trend line.
EMA50
$0.0002894
Bullish
CAN is holding above the 50-day exponential average, which supports the recent trend.
EMA200
$0.0002798
Bullish
CAN is above the 200-day exponential average, which keeps the longer-term structure constructive.
RSI (14)
59.88
Neutral
RSI (14) is at 59.88, which keeps momentum in a balanced range.
Stoch RSI (14)
26.23
Neutral
Stoch RSI (14) is at 26.23, which suggests momentum is active but not yet extreme.
MACD
0.0₅4732
Bearish
MACD is below its signal line.
ATR
4.03%
Quiet
Volatility is below its 180-day median.
VWMA
$0.0003047
Bullish
Price is above the volume-weighted average.
Commodity Channel Index (20)
38.55
Neutral
CCI (20) is at 38.55, which keeps price relatively close to its recent average.
Awesome Oscillator (5, 34)
$0.0₅8765
Bullish
Awesome Oscillator is above zero at $0.0₅8765, which supports bullish momentum.
Williams Percent Range (14)
-56.35
Neutral
Williams Percent Range (14) is at -56.35, which keeps price in the middle of its recent range.
Bull Bear Power (13)
$0.0₅1633
Bullish
Bull Bear Power (13) is positive at $0.0₅1633, which suggests buyers are controlling price relative to the EMA baseline.
Ultimate Oscillator (7, 14, 28)
35.52
Neutral
Ultimate Oscillator is at 35.52, which suggests momentum is balanced across its short, medium, and long windows.
Hull Moving Average (9)
$0.0003041
Bullish
CAN is trading above the Hull Moving Average (9), which supports the near-term trend.
Ichimoku Cloud B/L (9, 26, 52, 26)
$0.0003011
Bullish
CAN is trading above the Ichimoku base line, which supports bullish structure.
Assets Similar to Channels

Over the past 7 days, Channels price was most positively correlated with the price of Venice Token (VVV), Pendle (PENDLE), GateToken (GT), Render Token (RENDER) and Sui Crypto (SUI) and most negatively correlated with the price of Hedera Hashgraph (HBAR), XDC Network (XDC), Algorand (ALGO), Quant (QNT) and Chainlink (LINK).

Positively Correlated Currencies
NameCorrelation
Image of Venice TokenVenice Token0.629
Image of PendlePendle0.623
Image of GateTokenGateToken0.622
Image of Render TokenRender Token0.595
Image of Sui CryptoSui Crypto0.588
Negatively Correlated Currencies
NameCorrelation
Image of Hedera HashgraphHedera Hashgraph-0.428
Image of XDC NetworkXDC Network-0.364
Image of AlgorandAlgorand-0.339
Image of QuantQuant-0.337
Image of ChainlinkChainlink-0.276

Channels price is positively correlated with the top 10 coins by market cap with a price of 0.272, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.275. Currencies that are positively correlated with Channels indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Channels, a move in one direction for Channels would translate into a move in the opposite direction for the negatively correlated coin.

The CoinCheckup Cryptocurrency Price Tracker
Track over 40,000 crypto prices in real-time with ease.
Google Play Store link
4.3 • 10,000+ Ratings
Image of mobile app