Three altcoins nearing all-time highs as momentum returns to market

Beincrypto says three altcoins — Rain (RAIN), Canton (CC) and Kite (KITE) — are approaching their all-time highs as renewed momentum flows through the crypto market. RAIN trades inside a broadening rising wedge, forming higher highs and higher lows while consolidating below the upper channel resistance near the all-time high at $0.01009.

The Money Flow Index holds above 50, and the report says that if price holds above $0.00930 a retest of $0.01009 is likely, with an eventual target at $0.0105 (about 11.8% away) and extended targets at $0.01150–$0.01200; failure to hold $0.00930 may lead to $0.00840 and invalidate the bullish pattern.

CC is trading near 0.1493 after recovering from a 0.1139 bottom and is holding above the key support at 0.1331; the CMF has recovered toward the neutral line and 0.1483 acts as immediate support. The analysis says a daily close above 0.1646 would likely trigger a rally toward the all-time high at 0.1778 (about 19% away), while failure to maintain 0.1331 would expose downside toward 0.1259 or $0.1139.

Key Topics

Crypto, Rain, Canton, Kite, Money Flow Index, Cmf