As market volatility persists, some altcoins are showing signs of potential all-time highs despite broader uncertainty. Some remain near all-time highs, while others draw attention through on-chain support signals.
BeInCrypto has analyzed three of these altcoins that have the potential to reach new all-time highs.
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Canton (CC)
CC is trading near $0.165 at the time of writing, standing just 18.25% below its all-time high of $0.195. Despite the market’s broader bearish trend, the altcoin has shown relative resilience. Holding near recent highs keeps CC positioned for a potential continuation if conditions stabilize.
CC is currently below the $0.176 resistance as it awaits clearer recovery signs. Its negative correlation with Bitcoin, close to -0.50, creates a unique dynamic. If BTC weakens further, CC may avoid downward pressure and gain momentum, potentially surpassing $0.176.
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However, improving conditions for Bitcoin could weigh on CC due to this inverse relationship. In that scenario, CC may consolidate above the $0.155 support. A fall below this level would invalidate the bullish thesis, exposing the token to a deeper pullback towards $0.142.
Rain (RAIN)
RAIN is showing one of the strongest setups among altcoins, trading within 16.7% of its all-time high of $0.0105. Investor support remains strong, as reflected in a rebound in Chaikin money flow. The rise in CMF suggests sustained capital inflows despite recent price fluctuations.
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The increasing inflows are forming a bullish divergence against the falling RAIN price. This structure indicates that selling pressure is weakening while demand is rising below. If the price starts to reflect these entries, RAIN could challenge the $0.0100 resistance. A clean break above that level would open the way to its ATH.
However, technical risks remain. RAIN is trading within a rising and widening wedge, which often carries bearish implications. A change in investor sentiment or renewed market weakness could trigger a reversal.
In that scenario, RAIN may slide towards the $0.0084 support, invalidating the bullish outlook.
Impossible Cloud Network (ICNT)
ICNT remains one of the altcoins furthest from its all-time high, requiring a 37% rise from $0.430 to reach $0.601. Despite recent gains, multiple resistance levels loom. These barriers may slow recovery attempts, keeping ICNT vulnerable to changes in overall market sentiment.
Bollinger Bands are converging closely around ICNT price, indicating an imminent reduction in volatility. This configuration often precedes sudden directional movements. After a 20% rise in the last three days, a breakout could extend the gains. A successful move may lead ICNT to break above the $0.463 resistance.
The downside risk persists if selling pressure returns. Investor profit-taking could drag ICNT below the $0.410 support. Losing this level would expose the altcoin to further losses.
In that scenario, ICNT may fall towards $0.362, invalidating the bullish thesis and halting the recovery momentum.
