Cryptocurrency market declines while Canton price hits all-time high—what is driving this surge?

According to CoinWorld, the price of Canton (CC) token surged by 5-6%, reaching a historical high of $0.1812, decoupling from the overall market's weak performance. Trading volume increased by 45%, approaching $45 million, supporting this rally. Analysts pointed out that sustained utility demand and insufficient liquidity are key driving factors, while technical indicators such as RSI above 60 indicate continued upward momentum. Currently, the token price is consolidating above the key Fibonacci support level of $0.155. In the long term, the target price of $0.50 remains, but in the short term, the price is more likely to slowly rise to the $0.23-$0.30 range.