Connect with us
DAPA Banner

Crypto World

3 Altcoins That Could Hit All-Time Highs In February Second Week

Published

on

CC Price Analysis

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.

Sponsored

Sponsored

Advertisement

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.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

CC Price Analysis
CC Price Analysis. Source: TradingView

However, 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.

Advertisement

Sponsored

Sponsored

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.
RAIN Price Analysis. Source: TradingView

However, 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.

Advertisement

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.
ICNT Price Analysis. Source: TradingView

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.

Under that scenario, ICNT may slide toward $0.362, invalidating the bullish thesis and halting recovery momentum.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

Published

on

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

Advertisement

The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

Advertisement

“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

Advertisement

However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

Advertisement

Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

Advertisement
BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.