Canaan Shares in a Bitcoin Rally: Volatility, Dip Waiting, and 2–3 USD Targets

Canaan Inc. stock is riding Bitcoin’s latest rally, but traders are split on timing. The conversation is all about volatility, a dip-waiting stance, and bets that CAN could push toward the mid-dollar range before aiming higher ^[1].

Bullish bets amid a Bitcoin rally – Buyers have piled in near the $1.30s to $1.40s, with chatter of a big deal: a $150 million order for 50,000 machines. That kind of headline fodder feeds the idea CAN can re-rate if BTC keeps climbing, a pattern some say has shown up in Oct–Jan bounces before ^[1].

Volatility and dip-waiting – Others want more data and say a pullback could offer a fresh entry. Posts note CAN held up surprisingly well even when Bitcoin faltered, but several voices advocate waiting for a dip to load up again ^[2].

2–3 USD targets and Bitfarms as a peer – Some traders float price targets up to the $3 range, with hotter chatter flirting with $5 or even higher, while others point to a longer road to $8 in bold scenarios ^[1]. In the meantime, the discussion widens to peers like Bitfarms as the sector spikes, and some take a “buy the dip” stance around roughly $2 or below, even noting a potential move back above $2.15 as a possible entry signal ^[3].

Bottom line: a BTC-led lift keeps CAN on the radar, but the playbook tilts toward patience and dip buying until the chart confirms a fresh breakout ^[3].

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