Altcoins are once again attracting attention as the crypto market regains momentum. While Bitcoin is not yet fully stable, many altcoins have begun approaching their All-Time-High (ATHs). This signals increasing confidence among retail investors and opens up the possibility of a strong breakout in the near future.
BeInCrypto has analyzed three such altcoins that are approaching, or even potentially re-reaching, their all-time highs.
Rain
RAIN is trading within a rising expanding wedge pattern, indicating a positive trend. The price is consistently creating higher highs and higher Dip , while remaining close to the trend's support and resistance channels. Currently, RAIN is consolidating below the resistance level of the ascending channel, near its all-time high (ATH) at $0.01009.
The momentum remains quite good as the Money Flow Index stays above the 50- Medium , reflecting a neutral to positive trend without overheating. Recent corrections are merely technical adjustments and not a sign of a sharp decline.
RAIN price analysis. Source: TradingViewIf the price holds above $0.00930, it is highly likely to retest the $0.01009 level. If the daily close is above this threshold , RAIN could target its all-time high at $0.0105, representing a further 11.8% gain. This would also bring the altcoin closer to higher targets at $0.01150–$0.01200. If it fails to hold above $0.00930, the price could correct to $0.00840, and the bullish pattern would lose its validity.
Canton (CC)
Another altcoin approaching its all-time high is CC. After a correction phase, CC has recovered and is currently trading around 0.1493. The price structure is forming progressively higher Dip from the low of 0.1139, indicating that the trend has stabilized . The price remains above the crucial horizontal support zone at 0.1331 – suggesting that the short-term trend remains positive.
Momentum is improving as buying pressure returns after the correction from 0.1646. The CMF indicator is also rising closer to neutral, suggesting Capital is starting to flow in. The nearest support level is at 0.1483; maintaining a close above 0.1493 would further strengthen the probability of a continued rise towards previous highs.
CC price analysis. Source: TradingViewThe price forecast remains bullish if CANTO holds above 0.1331. If the price closes above 0.1646 for the day, there is a high probability of a strong rally to the all-time high of 0.1778, 19% higher than the current level. Conversely, if the 0.1331 level is breached, the bullish pattern will no longer be valid and the price could fall to the 0.1259 or 0.1139 USD range.
Kite
KITE is currently in a short-term uptrend after a strong surge from 0.0897, remaining above the ascending trendline. Currently, the price is consolidating around the key resistance at 0.1161, which is XEM a healthy "resting" period after the rally. If it holds above 0.0996, the overall market structure will remain bullish.
The nearest support is 0.0996, and the next invalidation confirmation level is 0.0897. On the upside, 0.1161 is the starting point for a new rally. If the daily close breaks above 0.1161, KITE's price could surge straight to its all-time high of 0.1333, approximately 15.8% away.
KITE price analysis. Source: TradingViewIf a clear breakout above 0.1333 occurs, KITE could rise to 0.1510. Currently, KITE's correlation coefficient with Bitcoin is -0.62, indicating that this altcoin does not follow Bitcoin's movements, which strengthens KITE's recovery momentum. However, if it loses support at $0.1161, KITE could fall back to 0.0996, and if it continues to decline, it could reach 0.0897, at which point the positive trend would cease.
