The price of Canton has seen a notable increase recently, largely influenced by a rebound in Bitcoin and a strategic partnership announced with the modular blockchain oracle RedStone. On December 16, 2025, reports indicated that Canton”s daily trading volume surged by 288%, reaching approximately $21.97 million, a figure that remains relatively modest considering its $2.64 billion market capitalization.
This trading volume increase coincided with a 5.2% price rally late on December 14, although Canton (CC) struggled to surpass the local resistance level of $0.077. The partnership with RedStone, announced on December 10, is a key factor behind the recent market activity. This collaboration allows Canton”s Real World Asset (RWA) ecosystem to utilize RedStone“s customizable data feeds, enhancing its operational capabilities.
In addition to the partnership, Digital Asset reported the successful completion of a second set of transactions on the Canton Network a day prior, a development that signifies improved stablecoin liquidity within the network.
Despite the positive news, the question remains: should investors consider adding Canton to their portfolios? Currently, the downtrend remains intact. Analyzing the 12-hour chart reveals that key swing highs at $0.0797 and $0.0824 must be breached to establish a bullish trend. However, the price structure appears bearish, primarily due to a lower low recorded earlier in December at $0.0587. While the support level at $0.0723 seems to have been reclaimed, traders are advised to maintain a cautious outlook.
Further analysis of short-term trends shows that the lower timeframes don”t present a more optimistic picture. After a brief rally on December 8, just before the announcement regarding RedStone, the price action has remained relatively stagnant. The Accumulation/Distribution (A/D) indicator has remained flat, indicating a lack of accumulation, while the momentum remains bearish as reflected by the Awesome Oscillator.
For those looking to adjust their trading strategies, the bearish outlook could change if the $0.076 to $0.079 zone is flipped to support. A bounce in this area may present a selling opportunity, but a retest of $0.079 as support could signal a potential rally towards $0.1 and beyond.
In conclusion, while the recent developments surrounding Canton are noteworthy, market participants should remain vigilant, analyzing price movements and market conditions carefully before making investment decisions.
