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The cryptocurrency market is showing the first signs of turning around after a volatile start to the year. Although many actives have been in some ranges, some formations have quietly tightened below key resistance levels. In this context, BeInCrypto has identified altcoins that could hit all-time highs if momentum continues to build.
Each formation combines a strong price structure, clear bullish catalysts, and clearly defined invalidation levels that will be closely monitored this week.
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Monero (XMR)
Monero appeared as one of the Altcoins that can hit all-time highs This week, supported by the rotation of capital and turbulence in the other sector of private currency. XMR has increased by about 18% in the last 24 hours and more than 35% in the last seven days, with the acceleration of inflows after the changes around Zcash towards Monero.
The price of XMR is now trading just below its previous high near $598, putting it firmly in breakout territory. The latest rally was followed by a breakout of an ascending channel on January 11, which pushed momentum much higher. Sellers intervened near the previous peak, leaving a long upper tail, but the overall structure was intact rather than rejected.
A short-lived warning sign appeared just below the surface. The cumulative trading volume (OBV) indicator, which tracks buying and selling strength, showed a downward divergence. Although the XMR price continues to rise, the OBV indicator formed a lower high between November 9 and January 12 (currently still developing). This suggests weak volume support, which explains why the initial push encountered a higher resistance level zone.
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Despite this, the ascending structure retains its validity. A clean recovery of the $592-598 range paves the way to $658, with an extension target near $704, representing about 21% upside from current levels if momentum resumes and the privacy narrative remains active.
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The cancellation made it clear. If Monero loses $523, the powerful level of Fibonacci 0.618, the hypothesis of the meeting collapses. This would expose the coin to a deeper decline towards $480, and perhaps $411 if general market conditions deteriorate.
Canton (CC)
“Canton” appeared as another name Among all currencies that can reach all-time highs, driven by a clear price structure. The symbol has risen about 11% in the last 24 hours and is now trading about 17% below its previous high, putting it firmly in breakout range.
It highlights the structure of the daily chart. Canton has formed a “bull flag”, which is a continuation pattern that usually appears after strong upward moves. This flag broke to the upside on January 11, which explains the strong move in the last session. Historically, this pattern acts as a launching pad for a trend continuation.
Context becomes important. The flag formed after an impulsive move of about 200% that pushed Canton into the price discovery earlier in the session. This was followed by a period of consolidation (which pushed the price into the flag area), not a distribution, which makes the current breakout attempt structurally different from a late bull.
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For the trend to continue, it is necessary to cross the first basic obstacle near $0.177, as this level almost corresponds to the previous high. A clean daily close above this level pushes Canton into price discovery mode. If the momentum continues, the $0.197 area, which is the 0.618 Fibonacci extension, becomes the next bullish control point. After that, broad forecasts point to $0.243.
Revocation is also clearly defined. If Canton loses $0.124, buyers should strongly defend $0.112. Breaking that level will destroy the structure of the bull flag and weaken the hypothesis of achieving a new all-time high price.
It’s raining
Rain has completed the list of altcoins that could reach all-time highs soon. The token is trading about 5.6% below its all-time high, and is down about 1% in the last 24 hours. Despite this pause, its seven-day performance remains positive at around 10%, showing that the overall structure remains strong.
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The current situation has its origin in the discovery of the inverted pattern of the head and shoulders on January 6. This discovery pushed Ren into the discovery of the price, approaching a new high near $0.010. Since then, the momentum calmed down. The price fell sharply, briefly falling to $0.0081, before recovering to the $0.0088 area.
Highlight the importance of this recovery. It indicates that buyers are still defending the structure rather than exiting completely. However, the upward movement stopped just below $0.0089, which the price rejected once before. This level has now become the first major obstacle. A clear break above $0.0089 retests the $0.010 level, which is the psychological level and the all-time high. If this level turns into support, RIN could extend towards $0.0114 in stronger market conditions.
The moment, however, needed confirmation. The cumulative volume (OBV) indicator indicated caution. Between January 4 and January 11, the price rose while the OBV moved lower, indicating weak participation or potential profit under a bull run. This divergence indicates that some consolidation may be necessary before another discovery attempt.
If Ren fails to hold $0.0081, the bulls must defend the next level, which is $0.0078. Losing this zone will invalidate the scenario of a continuation of the uptrend and shift the focus towards a deeper consolidation.
Ren’s situation currently appears as an attempted break, not a rejection. The structure remains intact, but volume must return before an attempt at a new all-time high becomes possible.
