The cryptocurrency market is currently maintaining a neutral stance, neither greedy nor fearful. This is because tokens are not showing a clear direction. Some assets are struggling to recover, while others are approaching new all-time highs.
BeInCrypto has analyzed three altcoins expected to update their all-time highs in the coming days.
Monero (XMR)
XMR is one of the strong candidates to update its all-time high this week. After rising 57% to a recent high of about $800, it has made a significant correction. Monero is currently trading at around $635, and the decline is due to profit-taking rather than structural weakness, with sustained interest in privacy-focused cryptocurrencies.
Despite the decline, XMR has firmly maintained the support zone at $560. The Chaikin Money Flow has seen no outflow over the past 24 hours, and inflows have only turned to decrease. This stability suggests the potential for renewed buying, creating conditions to aim for the recent all-time high with a rebound of about 24%.
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As a risk factor, if market sentiment deteriorates, a decline could accelerate. If the support at $560 is clearly broken, the bullish scenario would be invalidated. In that case, XMR could drop to $500 and potentially lower, shifting the market trend to a seller's advantage.
Rain (RAIN)
Rain is one of the altcoins closest to its all-time high. The token is currently positioned less than 10% from the high of $0.0100 recorded earlier this month. Relative strength continues, making it a notable asset in the current market situation.
The price movement of RAIN hinges on maintaining support at $0.0090. If it can rebound in this zone, it will indicate a recovery in buying interest. In that case, it will aim for $0.0100 again, and if it breaks, Rain will record a new all-time high.
On the other hand, if the upward momentum weakens, the risk of a decline remains. If it falls below $0.0090, the market structure could collapse, and it may drop to $0.00860. This would increase short-term selling pressure.
River (RIVER)
The price of RIVER is about 75% below its all-time high of $43, but the recent rise has narrowed that gap. This altcoin surged about 40% on Sunday, demonstrating strong upward momentum. Such a spike indicates that speculative interest remains active, and the price outlook for RIVER focuses on high volatility and trend continuation.
RIVER is trading below the resistance of $30, but recent trades show limited selling pressure. Volume is stable, and holders continue to retain their positions. If this state persists, upward momentum will be maintained this week, and RIVER will aim to break through $30 and retest the all-time high of $43.
On the other hand, if investor sentiment shifts towards profit-taking, the price of RIVER could drop to the support level of $19. If it breaks below this zone, the bullish scenario will be invalidated, and RIVER may indicate a structural shift towards $11.
