A small group of altcoins is approaching new All Time Highs (ATH) this weekend, while the rest of the market remains well below previous peaks. Two are in price discovery, while a third stays steady near its peak level.
Technical analysis points to fresh Fibonacci extension targets for the leaders. At the same time, lower volume and overshot momentum on some charts suggest that the path upward could be bumpy.
ADI moves into price discovery above $4.55
ADI is trading around $4.55 after setting a new all-time high on June 26. This has pushed the price into an open area with no resistance above it. Traders can follow the live ADI market for confirmation.
The chart shows two upside targets from external Fibonacci extensions. The 1.272 level is near $ 4.96, while the 1.618 level points to about $ 5.47.
The support level is now at the opposite 0.618 Fibonacci near $ 4.00. A deeper floor follows at the 0.382 level around $ 3.65.
Daily volume has been steadily rising since mid-May, supporting the breakout upward. The Relative Strength Index (RSI) shows strong overbought conditions, but there is no bearish divergence.
The token is the original gas asset for ADI Chain, an institutional Layer-2 network for stablecoins and real-world assets. The recent mainnet launch provides a strong tailwind.
Rain stays just below the all-time high
Rain (RAIN) trades near $ 0.0156, about 3% below its all-time high from June 22. The structure resembles the leader, with the same two extension targets in focus.
The 1.272 Fibonacci target is near $ 0.0173. The 1.618 level extends to roughly $ 0.0201 if buyers regain control.
Here, however, it looks more cautious. High volume from the beginning of June has started to fade, and the RSI shows an early bearish divergence.
This combination often signals weakening momentum rather than an immediate reversal. The previous top near $ 0.015 should act as the first support level.
A stronger floor follows at the inverse 0.618 Fibonacci near $ 0.012. Rain has recently become one of the three largest prediction markets by value, which could help keep demand strong.
LEO defends an important support level near $ 9.46
LEO (LEO) has the most cautious setup of these three. The token trades around $ 9.26, more than 12% below the May high of $ 10.57.
Compared to most altcoins, this drop is relatively shallow, as they are far below their previous all-time highs. This relative strength stands out.
Price is now testing the 0.236 Fibonacci support level near $ 9.46. A clear break below this level will expose the 0.382 area around $ 8.88.
The last strong floor is found at 0.618 Fibonacci near $ 7.95. Volume is declining, and the RSI is hovering around 30, deep within weak levels.
A stable Bitfinex buyback and burn program creates structural buying pressure under the token. Still, LEO must reclaim resistance before an upswing back toward the previous high levels can be considered.