Altcoins are showing renewed strength at the beginning of February, with some tokens approaching their all-time highs. Strong momentum, rising inflows, and favorable technical setups are drawing attention to several names.
Therefore, BeInCrypto has analyzed three altcoins that could reach or even surpass a new all-time high in the first week of February.
Rain (RAIN)
At the moment, RAIN is trading around $0.0094 and remains below the resistance level of $0.0100. This altcoin is approximately 11% below its all-time high of $0.0105. The price is moving close to the resistance, indicating increasing interest as buyers test the upper limit.
Momentum indicators point to stability in the short term. The Money Flow Index remains above the neutral line, showing active buying pressure. Sustained demand reduces the risk of a sharp correction. In this situation, RAIN has the opportunity to rise further and challenge the all-time high.
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The broader structure remains a point of concern. RAIN is moving within a rising wedge, a pattern that often precedes a pullback. A breakout above the all-time high may encounter trend resistance and cause a reversal. If the price does not exceed $0.0100, it could fall back to $0.0090. This would invalidate the bullish expectation.
Kite (KITE)
KITE was this week one of the strongest altcoins, rising 22% and currently trading around $0.141. The token remains above the support level of $0.138. This structure shows sustained demand and confirms investor interest following the recent rise.
To reach the all-time high of $0.163, KITE needs to rise another 14.8%. A breakout above the resistance of $0.150 would confirm the bullish continuation. The Chaikin Money Flow remains above zero, indicating that the inflow continues. Even if inflows decrease slightly, the price could continue to rise in the short term.
The downside risk increases if KITE loses the support level of $0.138. This would also break the current upward trend. Large outflows could accelerate selling pressure. In that scenario, KITE could drop to $0.116. This would invalidate the bullish expectation and delay recovery.
Stable (STABLE)
STABLE is this week a strong performing small-cap token and rose 32% over the past 7-day period. The altcoin is currently trading around $0.0271. This increase shows growing demand and more attention as traders opt for assets with more momentum.
During the rise, STABLE reached a new all-time high of $0.0325. That is about 19.9% above the current level. Holding $0.0261 as support is important. Strength above this zone can help the price move towards the all-time high and continue the upward trend.
The downside risk remains high as holders take their profits. If the support level is not maintained, the rally could stall. Under strong selling pressure, STABLE could fall back towards $0.0214. This would invalidate the bullish expectation and indicate a longer consolidation phase.