Altcoins are stepping back into the spotlight as renewed momentum flows through the crypto market. Although Bitcoin has not fully stabilized, altcoins are finding their way to their ATH. These setups signal growing confidence among investors and the possibility of explosive breakouts ahead.
BeInCrypto has analyzed three altcoins that are approaching their all-time highs and could potentially reach them.
Rain (RAIN)
RAIN is trading in an expanding upward wedge, indicating a bullish structure. The price continues to form higher highs and higher lows while respecting support and resistance levels. Currently, RAIN is consolidating below the upper resistance of the channel near an all-time high of $0.01009.
The momentum remains positive as the Money Flow Index is above the neutral zone at 50, indicating neutral to bullish conditions without overheating. The recent drops appear as corrections, not bearish.
If the price holds above $0.00930, a new test of $0.01009 is likely. A daily close above this support could allow RAIN to reach an ATH of $0.0105, which requires a rise of 11.8%. It will also enable the altcoin to hit targets of $0.01150–$0.01200. If $0.00930 does not hold as support, the price may drop to $0.00840, which would invalidate the bullish setup.
Canton (CC)
Another altcoin close to its all-time high is CC, which shows a recovery after a correction, with the price now near 0.1493. The structure shows higher lows from the bottom at 0.1139, indicating trend stabilization. The price is above the important horizontal support at 0.1331, so the short-term sentiment is bullish.
The momentum improves as buying pressure returns after the recent drop from 0.1646. CMF has risen toward the neutral line, indicating that capital is flowing back. The level at 0.1483 serves as immediate support, while sustained closes above 0.1493 increase the likelihood of continued rises toward previous highs.
The price prediction points upward as long as CANTO holds above 0.1331. A daily close above 0.1646 will likely trigger a rise toward the all-time high of 0.1778, which is 19% away. If the support at 0.1331 does not hold, the bullish setup is invalidated, and there is a risk of a drop toward 0.1259 or $0.1139.
Kite (KITE)
KITE is in a short-term bullish structure after a strong, impulsive move from 0.0897, where it respects the upward trend line as support. The price is currently consolidating around the important resistance at 0.1161, suggesting a healthy pause after the advance. The overall market structure remains bullish above 0.0996.
Immediate support is clear at 0.0996, while a deeper invalidation level lies at 0.0897. On the upside, 0.1161 is the trigger target. A daily close above 0.1161 opens the way directly toward the all-time high of 0.1333, which KITE is 15.8% away from.
A clear breakout above 0.1333 could lead to 0.1510. KITE’s correlation with Bitcoin is currently -0.62. This shows that the altcoin does not follow BTC’s movements, aiding KITE’s recovery. However, if KITE does not hold above $0.1161, it may drop to 0.0996 and likely continue toward 0.0897, which would completely dismiss the bullish scenario.
