Hyperliquid Tops Blockchain Fees in 24 Hours, EdgeX and Tron Follow
- Fee Surge: According to Artemis data, Hyperliquid blockchain fees surged to the top of all tracked networks in the past 24 hours, indicating increased demand for user transactions and smart contract deployments, reflecting strong investor interest and protocol utilization.
- Network Activity Trends: Following Hyperliquid, edgeX and Tron recorded significant fees, with edgeX attracting developers and users due to its scalable infrastructure and cross-chain capabilities, suggesting increased transaction and liquidity activities.
- User Impact: While rising fees often indicate higher network usage, they can pose challenges for smaller transactions, making cost management a crucial strategy for frequent users navigating decentralized applications.
- Market Observation: Observers will closely monitor whether these fee trends persist, diminish, or shift to other networks, assessing the dynamic changes in the market and their impact on user behavior.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.116 | 0.136 | 0.156 | 0.176 | 0.196 | 0.216 | 0.236 |
| Fibonacci | 0.136 | 0.151 | 0.161 | 0.176 | 0.191 | 0.201 | 0.216 |
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