As market volatility persists, select altcoins are showing signs of potential all-time highs despite broader uncertainty. Some remain close to record highs, while others are drawing attention through supportive on-chain signals.
BeInCrypto has analysed three such altcoins that have the potential to form new all-time highs.
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Canton (CC)
CC is trading near $0.165 at the time of writing, sitting just 18.25% below its all-time high of $0.195. Despite broader market bearishness, the altcoin has shown relative resilience. Holding near recent highs keeps CC positioned for a potential continuation if conditions stabilize.
CC is currently hovering below the $0.176 resistance while awaiting clearer recovery signals. Its negative correlation with Bitcoin, sitting near -0.50, creates a unique dynamic. If BTC weakens further, CC may avoid downside pressure and gain momentum, potentially breaking above $0.176.
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CC Price Analysis. Source: TradingViewHowever, improving conditions for Bitcoin could weigh on CC due to this inverse relationship. Under that scenario, CC may consolidate above the $0.155 support. A breakdown below this level would invalidate the bullish thesis, exposing the token to a deeper pullback toward $0.142.
Rain (RAIN)
RAIN is showing one of the strongest setups among altcoins, trading within 16.7% of its all-time high at $0.0105. Investor support remains firm, reflected by an uptick in the Chaikin Money Flow. Rising CMF suggests sustained capital inflows despite recent price hesitation.
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The growing inflows are forming a bullish divergence against RAIN’s price decline. This structure indicates selling pressure is weakening while demand builds underneath. If price begins reflecting these inflows, RAIN could challenge the $0.0100 resistance. A clean break above that level would open the path toward its ATH.
RAIN Price Analysis. Source: TradingViewHowever, technical risks remain. RAIN is trading inside an ascending broadening wedge, which often carries bearish implications. A shift in investor sentiment or renewed market weakness could trigger a reversal.
Under that scenario, RAIN may slide toward the $0.0084 support, invalidating the bullish outlook.
Impossible Cloud Network (ICNT)
ICNT remains one of the altcoins farthest from its all-time high, requiring a 37% rise from $0.430 to reach $0.601. Despite recent gains, multiple resistance levels lie ahead. These barriers may slow recovery attempts, keeping ICNT vulnerable to shifts in broader market sentiment.
Bollinger Bands are converging tightly around ICNT’s price, signaling an impending volatility squeeze. This setup often precedes sharp directional moves. Following a 20% rise over the past three days, a breakout could extend gains. A successful move may push ICNT past the $0.463 resistance.
ICNT Price Analysis. Source: TradingViewDownside 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.
Under that scenario, ICNT may slide toward $0.362, invalidating the bullish thesis and halting recovery momentum.
Source: https://beincrypto.com/altcoins-all-time-highs-february-second-week/
