Canton Token Eyes a Bounce After Fresh $2.09 Million Unlock

Canton recently released $2.09 million worth of new tokens into circulation, catching the attention of active traders across the market. Usually, large token unlocks put heavy downward pressure on prices as fresh supply hits the market. However, the asset has managed to defend its important trendline support level.

Trading volume has also picked up significantly over the past 24 hours. This spike in activity shows that buyers are stepping in to absorb the new supply rather than running away from the price action. Market watchers note that holding this support zone is a healthy sign for short term momentum.

If the current buying pressure continues, the token could soon make a run toward the $0.125 resistance level. Traders should keep a close eye on trading volume trends and the broader market mood to see if this recovery attempt has staying power.