Altcoins are once again stepping into the spotlight as renewed momentum flows through the crypto market. While Bitcoin has not completely stabilized, altcoins are finding their way to their ATHs. These setups signal growing investor confidence and the possibility of explosive breakout moves ahead.
BeInCrypto has analyzed three such altcoins that are nearing their all-time highs and could potentially reach them.
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Rain (RAIN)
RAIN is trading within a broadening rising wedge, signaling a bullish structure. Price continues forming higher highs and higher lows while respecting trendline support and resistance. Currently, RAIN consolidates below the upper channel resistance near the all-time high at $0.01009.
Momentum remains constructive as the Money Flow Index holds above the neutral line at 50, reflecting neutral-to-bullish conditions without overheating. Recent pullbacks appear corrective, not bearish.
RAIN Price Analysis. Source: TradingViewIf price holds above $0.00930, a retest of the $0.01009 is likely. A daily close above this support could open RAIN to reach the ATH of $0.0105, which is 11.8% away from hitting. This will also enable the altcoin to reach the targets at $0.01150–$0.01200. Failure to hold $0.00930 may lead to $0.00840, invalidating the bullish pattern.
Canton (CC)
Another one of the altcoins nearing their all-time highs is CC, which shows a recovery after a corrective phase, with the price currently trading near 0.1493. The structure reflects higher lows from the 0.1139 bottom, indicating trend stabilization. Price is holding above the key horizontal support at 0.1331, keeping the short-term bias bullish.
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Momentum is improving as buying pressure re-enters following the recent pullback from 0.1646. The CMF has recovered toward the neutral line, suggesting capital inflow is returning. The level at 0.1483 acts as immediate support, while sustained closes above 0.1493 strengthen the probability of continuation toward previous highs.
CC Price Analysis. Source: TradingViewPrice prediction favors upside as long as CANTO holds above 0.1331. A daily close above 0.1646 would likely trigger a rally toward the all-time high at 0.1778, which is 19% away from hitting. Failure to maintain 0.1331 would invalidate the bullish setup and expose downside toward 0.1259 or $0.1139.
Kite (KITE)
KITE is in a short-term bullish structure after a strong impulsive move from 0.0897, respecting the uptrend line acting as support. Price is currently consolidating around the key resistance at 0.1161, indicating a healthy pause after expansion. Overall market structure remains bullish above 0.0996.
Immediate support is clearly defined at 0.0996, followed by a deeper invalidation level at 0.0897. On the upside, 0.1161 is the trigger level. A daily close above 0.1161 opens the path directly toward the all-time high at 0.1333, which KITE is 15.8% away from.
KITE Price Analysis. Source: TradingViewA clean breakout above 0.1333 can extend toward 0.1510. KITE’s correlation with Bitcoin is currently at -0.62. This shows that the altcoin is not following BTC’s footsteps, which is aiding KITE’s recovery. However, in the event that KITE fails to hold above $0.1161, it could fall to 0.0996, likely leading to a corrective move toward 0.0897, invalidating the bullish thesis completely.
Source: https://beincrypto.com/altcoins-all-time-highs-in-january/
