Altcoins show renewed strength now in February, with selected tokens approaching previous peak levels. Strong momentum, increasing crypto inflows, and favorable technical signals put some names in the spotlight.
Therefore, BeInCrypto has analyzed three altcoins that may challenge or set new all-time highs during the first week of February.
Rain (RAIN)
RAIN is trading near $0.0094 at the moment and remains below the resistance level of $0.0100. The altcoin is about 11% away from its all-time high of $0.0105. Price compression near the resistance level suggests increased interest as buyers test the upper limits.
Momentum indicators point to short-term stability. The Money Flow Index is above the neutral line, signaling active buying pressure. Sustained demand reduces the risk of a sharp pullback. This gives RAIN room to attempt to rise higher and challenge previous highs.
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The overall structure raises concerns. RAIN is consolidating in an ascending wedge, a pattern that often precedes a decline. A break above the record high may encounter resistance from the trendline and reverse downward. If the price fails to break $0.0100, it could drop to $0.0090, which would invalidate the bullish scenario.
Kite (KITE)
KITE has established itself as one of the strongest altcoins this week, with a rise of 22% and trading near $0.141 at the time of writing. The token remains above the support level of $0.138. This structure reflects sustained demand and shows continued interest from investors following the recent rise.
To reach its record high of $0.163, KITE must rise 14.8%. A break above resistance at $0.150 will confirm further bullish development. Chaikin Money Flow remains above zero, indicating that cryptocurrency inflows continue. Even moderate inflows can support further short-term gains.
Downside risk increases if KITE loses support at $0.138. This would also break the current upward trend. Dominant outflows could amplify selling pressure. In such a scenario, KITE could fall toward $0.116, which would invalidate the bullish scenario and delay upward opportunities.
Stable (STABLE)
STABLE has distinguished itself as a strong small-cap token this week, with a rise of 32% over the last seven days. The altcoin is trading near $0.0271 at the time of writing. This progress reflects increasing demand and visibility as traders rotate towards assets with higher momentum.
During the rise, STABLE set a new record at $0.0325, approximately 19.9% above today's level. Maintaining $0.0261 as a support level is critical. Sustained strength above this area may allow the price to challenge the record high and continue the upward trend.
Downside risk remains high if holders choose to secure profits. If the support does not hold, the rise may stall. With increased selling pressure, STABLE could retreat toward $0.0214. Such a move would invalidate the bullish scenario and signal a period of deeper consolidation.