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Altcoins start February with mixed signals as selective tokens show strength despite greater market uncertainty. Major network upgrades, unique market positioning and strong technical momentum pose short-term opportunities.
BeInCrypto analyzed three of these altcoins to keep under the radar during the first week of February.
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Zilliqa (ZIL)
Zilliqa is an icon to watch as its network prepares for a major upgrade this week. The Cancun update will be live on the mainnet via a hard fork. The update aims to improve communication speed and offer more precise control, which can stimulate investor interest and demand in the short term.
The ZIL price may benefit if the upgrade leads to an increase in demand. currency Alternative trade Within a descending channel. A rebound from $0.0039 may occur. A confirmed breakout would need to turn $0.0045 into support with a sharp increase in trading volume.
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Downside risks remain if general market conditions deteriorate. Under sustained downward pressure, the ZIL can break under the channel structure. A drop below $0.0036 will invalidate the bullish thesis. Such a move would likely increase losses and delay any recovery attempts.
Hyperfluidic (HIPE)
HYPE emerged as the only DEX token to perform positively over the past seven days, gaining 34%. You trade Alternative currency Close to $30.01 at the time of writing. The price remains just below the $30.84 resistance, indicating continued strength despite the overall market weakness.
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One of the main factors is the inverse relationship between HYPE and Bitcoin. The symbol shows a -0.49 correlation with Bitcoin, reducing exposure to Bitcoin-led declines. This chapter supports the independent moment. If demand continues, HYPE can claim $34.31 and extend the recovery trend.
Downside risks remain if investors take profits. A drop below $26.82 will weaken Market structure. Such a move would also push HIGHPE below the value of the 50-day EMA. This discovery could invalidate the bullish hypothesis and expose the price to fall towards $23.69.
Canton (CC)
CC remains one of the strongest companies in the world Digital currency marketsupported by a continuous upward trend. Altcoins have been rising continuously for two weeks, adding almost 30% in the last seven days. This momentum reflects continued demand and positions CC as a relatively safe option amid broader volatility.
During this period, CC recorded its third consecutive high of $0.195. The symbol is trading near $0.184 at the time of writing. Chaikin’s cash flow remains above the zero line, indicating dominant inflows at home. This setup supports a potential push to cross the ATH towards $0.215.
Downside risks only occur if investor sentiment shifts towards profit-taking. Losing the $0.176 support will weaken the structure. Such a move could push CC towards $0.155 or even $0.142. A drop below these levels will invalidate the bullish hypothesis and indicate trend exhaustion.
