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Jakarta, Pintu News – Altcoins are gaining attention again as the crypto market gains momentum. While Bitcoin (BTC) has yet to fully stabilize, altcoins are starting to approach their all-time highs. This pattern indicates increased investor confidence and opens up opportunities for significant price spikes.
Here is an analysis of three altcoins that are approaching ATH and could potentially reach it in the near future, according to a report by BeInCrypto.
On January 26, RAIN briefly traded in a broadening rising wedge pattern, indicating a bullish market structure. The price continued to form higher highs and higher lows while respecting the support and resistance trend lines. At that time, RAIN was consolidating below the upper channel resistance which was close to its All-Time High of $0.01009.
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Momentum remains positive, with the Money Flow Index (MFI) holding above the neutral line of 50, indicating neutral-to-bullish conditions with no signs of overheat. The recent price drop appears to be a correction, rather than bearish signs.

If the price remains above $0.00930, a retest to the $0.01009 level is likely. A daily close above this level could push RAIN to reach the ATH at $0.0105, which is about 11.8% away. This also opens up potential upside to the $0.01150-$0.01200 target.
However, if it fails to hold above $0.00930, the price could drop to $0.00840 and the bullish pattern becomes invalid.
One of the other altcoins approaching ATH is Canton (CC), which is showing recovery after a correction phase. As of January 26, the price of CC was trading around 0.1493. The chart structure shows the formation of higher lows from the 0.1139 low, which indicates trend stabilization. The price is also still holding above the key horizontal support at 0.1331, keeping the short-term bias bullish.

Momentum improved as buying pressure returned after the decline from 0.1646. The Chaikin Money Flow (CMF) has also recovered near the neutral line, signaling capital flows are starting to come back in. The 0.1483 level acts as immediate support, and a consistent daily close above 0.1493 strengthens the probability of the price resuming its rise towards the previous peak.
The price prediction still favors the upside as long as CANTO stays above 0.1331. A daily close above 0.1646 will likely trigger a rally towards the ATH at 0.1778, which is about 19% away. However, if it fails to hold 0.1331, then the bullish pattern is no longer valid, and the price could drop to 0.1259 or even 0.1139.
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KITE is in a bullish short-term structure after experiencing a strong impulsive move from the 0.0897 level, while respecting the uptrend line that serves as support.
As of January 26, the price is consolidating around the key resistance at 0.1161, which indicates a healthy pause after the previous rise. Overall, the market structure remains bullish as long as the price is above 0.0996.

Immediate support lies clearly at 0.0996 levels, with deeper invalidation levels at 0.0897. On the upside, 0.1161 level becomes the trigger for the upside. A daily close above 0.1161 will open a direct path towards the all-time high (ATH) at 0.1333, which is currently around 15.8% away.
In the event of a clean breakout above 0.1333, KITE has the potential to continue rising all the way to 0.1510. Currently, KITE has a negative correlation to Bitcoin of -0.62. This means that KITE’s movement does not follow Bitcoin’s direction, which helps its recovery process.
However, if KITE fails to hold above $0.1161, the price could drop to 0.0996, and potentially continue its correction to 0.0897, which would invalidate the bullish scenario completely.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
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