$CAN's weekly chart tells a different story than the panic suggests.
Sure, sentiment's turned sour. Plenty of traders have written this one off, convinced the momentum's dead. Maybe they're right—nobody has a crystal ball. But here's what the charts are actually showing: after that drop below the $0.90 mark, something shifted.
Zoom out. The weekly timeframe reveals $CAN isn't collapsing—it's consolidating. We're watching a higher base take shape, brick by brick. That's not random noise. It's structure building in real-time.
The crowd's usually loudest right before things get interesting. While everyone's focused on the short-term chop, the bigger picture's quietly setting up. This base formation? It matters. Whether it launches from here or needs more time, that foundation is already being laid.
Price action doesn't care about emotions. It just prints patterns.
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BrokenRugs
· 6h ago
Wait, did you say the weekly chart is bottoming out? Those people who panic sold must be regretting it so much right now...
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ForkYouPayMe
· 6h ago
The weekly chart does look promising, but that drop below 0.9 really scared a lot of people. Honestly, I’ve heard the “base building” narrative too many times, and it always ends up dropping further. Not sure if things will really be different this time.
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RugPullProphet
· 6h ago
That bottom pattern on the weekly chart is indeed interesting. When the whole market is screaming to buy the dip, that's exactly when you need to clearly understand what real consolidation looks like.
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ChainBrain
· 6h ago
I've heard the saying "bottom consolidation" too many times. Every time they say it's about to take off, it ends up crashing hard again. But the weekly chart does look stable now—let's see if it can break above 0.9.
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ReverseFOMOguy
· 6h ago
Weekly charts can indeed be easily overshadowed by short-term sentiment, but true structures often take shape in silence. Building a base at the bottom is not a waste of effort.
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WagmiAnon
· 6h ago
Looking at the weekly chart, the bottom structure actually looks quite solid. Don’t rush to cut your losses just because you’ve been influenced by bearish commentary.
$CAN's weekly chart tells a different story than the panic suggests.
Sure, sentiment's turned sour. Plenty of traders have written this one off, convinced the momentum's dead. Maybe they're right—nobody has a crystal ball. But here's what the charts are actually showing: after that drop below the $0.90 mark, something shifted.
Zoom out. The weekly timeframe reveals $CAN isn't collapsing—it's consolidating. We're watching a higher base take shape, brick by brick. That's not random noise. It's structure building in real-time.
The crowd's usually loudest right before things get interesting. While everyone's focused on the short-term chop, the bigger picture's quietly setting up. This base formation? It matters. Whether it launches from here or needs more time, that foundation is already being laid.
Price action doesn't care about emotions. It just prints patterns.