The cryptocurrency market is showing the early signs of a rotation after the volatility at the beginning of the year. While many assets are trading within a range, some are quietly narrowing their price range below key resistance levels. In this context, BitInCrypto has selected altcoins that could reach all-time highs if momentum continues.
Each cryptocurrency has a solid price structure, clear upward signals, and a distinct invalidation zone to closely monitor this week.
Monero (XMR)
Monero has emerged as one of the altcoins capable of reaching a new all-time high this week, driven by capital flows and volatility within the privacy coin market. XMR has risen approximately 18% over the past 24 hours and more than 35% over the past 7 days. Increased interest in Monero has accelerated due to confusion surrounding Zcash.
XMR's price is currently trading just below the previous all-time high of $598, entering a strong breakout zone. The recent rally began after the upward breakout of a channel on January 11th, significantly increasing momentum. Although some selling pressure emerged near the previous high, leaving long upper tails, the overall price structure remains intact.
On a short-term basis, caution signals are emerging. The OBV (On-Balance Volume) indicator, which tracks buying and selling pressure, shows a bearish divergence. While XMR's price continues to rise, OBV has formed lower highs since November 9th through January 12th (currently ongoing). This indicates weakening volume support, explaining why resistance was met near the all-time high.
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Nevertheless, the bullish structure remains valid. A clear recovery above the $592–$598 range could propel the price to $658. If momentum continues and demand for privacy coins remains strong, further upside of about 21% to around $704 is also possible.
The invalidation zone is clear. If Monero loses both $523 and the strong 0.618 Fibonacci support level, the breakout scenario becomes invalid. In such a case, the price could drop to $480, and with worsening overall market conditions, even further down to $411.
Canton (CC)
Canton is another altcoin mentioned as a candidate for breaking its all-time high, thanks to its solid price structure. The token has risen approximately 11% over the past 24 hours and is still trading about 17% below its previous high, remaining within breakout range.
The daily chart structure stands out clearly. Canton has formed a bullish flag pattern, a common continuation pattern that frequently appears after strong uptrends. This flag broke upward on January 11th, explaining the recent sharp rally. In the past, this pattern has served as a foundation for trend continuation.
The entry context is also important. Canton entered a price discovery phase after a sharp 200% surge, followed by a correction phase (flag phase), but no large-scale selling pressure emerged. Therefore, this breakout attempt is structurally different from a final-stage surge.
For the uptrend to continue, the first key resistance lies near $0.177, which closely matches the previous all-time high. If the daily close breaks above this level, Canton will re-enter a price discovery phase. If momentum is sustained, the next resistance will be $0.197 (0.618 Fibonacci extension), followed by potential further gains up to $0.243.
The invalidation zone is also clear. If Canton loses $0.124, buyers must strongly defend $0.112. If the price breaks below this level, the bullish flag structure will be invalidated, weakening the outlook for a breakout above the all-time high.
Rain (RAIN)
Rain (Rain) is also poised to join the list of altcoins capable of reaching a new all-time high. The token is currently trading about 5.6% below its previous all-time high, and has declined roughly 1% over the past 24 hours. This represents a brief pause for breath, but over the past 7 days, it has risen about 10%, maintaining an overall positive structure.
This recent buying signal stems from the breakdown of the inverse head and shoulders pattern on January 6th. This breakout has brought Rain into a price discovery phase, heading toward a new all-time high near $0.010. Subsequently, momentum temporarily slowed, and the price sharply dropped to $0.0081 before rebounding to $0.0088.
This price recovery is crucial. It indicates that buyers have not fully exited and are defending the price structure. However, the uptrend stalled just below $0.0089, a level where it previously faced resistance once. Currently, this zone acts as the first major resistance level. A clear breakout above $0.0089 would allow Rain to test the psychological and all-time high of $0.010. If this zone were to switch to support, RAIN's price could extend as high as $0.0114 when market conditions become even stronger.
However, momentum requires further confirmation. The On-Balance Volume (OBV) indicator is showing warning signs. From January 4th to January 11th, the price rose while OBV declined, indicating insufficient participation or profit-taking during the rally. This divergence suggests that another consolidation phase is necessary before a new breakout attempt.
If Rain fails to hold $0.0081, the next critical level that buyers must defend is $0.0078. Losing this zone could shift the scenario from sustained upward movement to a reversal with downward price action.
Currently, Rain appears to be entering a correction rather than being rejected. The price structure remains intact, but volume must recover before another attempt at breaking the all-time high becomes possible.
