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Direct capital in selected mid-cap altcoins with momentum building near critical technical levels. Several names were noted to be pressed below their record highs, while others remained firm after minor corrections with the trend structure remaining intact.
For this reason, Pinkrypto analyzed three altcoins that could achieve new historical highs in the third week of February.
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KITE
KITE is one of the closest altcoins to retest its recent all-time high at $0.242. The symbol is currently trading less than 17% below that peak. Strong short-term momentum kept KITE near record highs, reflecting continued trader interest and speculative demand in The widest altcoin market.
The Chaikin Money Flows Index shows a slight decrease, but is still above the zero line. This indicates that capital flows are still present despite the decrease in momentum. Continued buying pressure may help KITE break the $0.242 level. Any confirmed breach could push the currency towards $0.270, setting a new record.
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However, profit taking remains a major risk near record levels. If investors start exiting positions, the downward pressure could increase rapidly. A drop below the support level at $0.207 will weaken the bullish structure, while increased selling may push KITE towards $0.163, invalidating the current bullish thesis.
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It’s raining
Another altcoin poised to hit new highs next week is RIN. Despite the recent drop in prices, Altcoin maintained In an ascending structure. The Ichimoku Cloud indicator continues to show supportive momentum, indicating that trend strength remains in the broader cryptocurrency market.
Continued buying pressure could push RAIN towards its all-time high of $0.0110. The symbol is currently trading at around 12.5% ​​below this level. A strong break above $0.0110 would confirm continued strength, and that move could push RAIN to a new record high at $0.0113.
The technical momentum must remain Stable To support the continuation of the upward trend. If buying interest weakens, downside risk may increase. A decline towards the $0.0097 support level indicates a decrease in buyer control. Breaking this level will invalidate the current bullish scenario and turn the sentiment negative.
STABLE
STABLE emerged as one of the best Altcoins did better this weekIt increased by 45% during the period. The token is now trading about 21% below its all-time high of $0.0325. Continued momentum fueled buying sentiment, pushing STABLE to near record price levels.
The Liquidity Flow Index remains above the neutral 50.0 mark, indicating active buying pressure. The positive capital flow suggests that demand continues to exceed supply. If the rally continues, STABLE may be able to break the $0.0325 level. A confirmed breakout of fresh gains could extend towards $0.0368, marking a new all-time high.
Short holders may start taking profits after the recent rally. Increased selling activity may weaken bullish momentum. A drop towards $0.0225 indicates a decrease in demand. Further decline towards $0.0189 will invalidate the current bullish outlook.
