As the weekend approaches, three altcoins are on the verge of reaching their highest prices ever. ADI and DeXe (DEXE) have already ventured into price discovery, while Rain (RAIN) is lagging about 11% behind its all-time high (ATH).
ADI's Bullish Surge
Since June 16, ADI has experienced a significant upward trend, beginning from a low of around $3.65 at the 0.382 Fibonacci retracement. On June 26, it surpassed its previous peak of $4.56 and has since successfully crossed all Fibonacci extension targets of $4.96, $5.46, and $6.02. Currently, ADI trades at approximately $6.25 on KuCoin, marking a remarkable increase of 67.6% over the past month as the overall market rallies.
Despite these gains, there are notable warning signs. The all-time high was recorded at $8.03 on June 29, which stands roughly 28% above the current trading price. Additionally, the daily Relative Strength Index (RSI) has been at high levels for an extended period, now reading at an intense 93. Furthermore, trading volume appears to be declining after a strong surge. While a pullback to $6.02 wouldn’t alter the upward trend, investing at this point carries certain risks.
DEXE Approaches New Milestones
On July 10, DEXE reached a new all-time high of $36.46 and now trades around $35.72 after a daily rise of 21.5%. The price movement has been closely aligned with the Fibonacci ladder. After breaking past its earlier high of $24.20, it reached the first target of $30.31. The next Fibonacci extension target sits at $38.09, which is only 6.6% above its current price.
The indicators show a strong bullish trend; the daily RSI broke out from a descending trendline drawn from the late-March peak, now reading about 78, its highest since mid-April. This breakout suggests a fresh bullish impulse without signs of exhaustion. Volume spikes remain intermittent, but as long as the RSI stays above the trendline around 72, bullish sentiment prevails.
Meanwhile, Rain, ranked as the 13th largest cryptocurrency with a market cap of $9.5 billion, previously peaked at $0.01614 on June 22. Currently trading at $0.01443, it remains about 11% below its record. The price improvement looks hesitant, as it has dipped below the prior peak of $0.0150. If the bounce off this area fails, further support is at the 0.618 Fibonacci retracement at $0.0118. In contrast to ADI and DEXE, Rain has yet to reach its extension targets, which stand at $0.01726 and $0.0201, approximately 19.6% and 39.6% above the current price.
This article is informational and does not serve as financial advice.
