3 Altcoins That Defied the Market Slump With Strong Gains This Week

Jakarta, Pintu News – Altcoins kicked off the month of February with mixed signals, with certain tokens showing strength even though the overall market is still shrouded in uncertainty.

Major network upgrades, unique market positioning, as well as strong technical momentum are factors that form short-term opportunities. Here is an analysis of three altcoins worth paying attention to during the first week of February, according to BeInCrypto analysis.

Zilliqa (ZIL)

Zilliqa is one of the tokens worth monitoring as its network is preparing for a major upgrade this week. The Cancun upgrade will be activated on the mainnet through a hard fork.

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The update aims to increase the speed of communication and provide more granular control, potentially attracting investor interest and boosting demand in the short term.

The price of ZIL could potentially get a boost if this update triggers a surge in demand. As of February 2, the altcoin was trading in a descending channel pattern. It is likely that the price will bounce off the $0.0039 level. To confirm the breakout, ZIL needs to break and make $0.0045 the support level, accompanied by a significant increase in trading volume.

However, downside risks remain if overall market conditions deteriorate. Under sustained bearish pressure, ZIL may break below the channel structure. A drop below the $0.0036 level would invalidate the bullish outlook and likely extend losses and delay recovery efforts.

Hyperliquid (HYPE)

Hyperliquid emerged as the only DEX token to post a positive performance in the last seven days, with a gain of 34%. As of February 2, the altcoin was trading near $30.01. The price is still slightly below the $30.84 resistance level, signaling its continued strength despite the general market weakness.

One of the main drivers of this strength is HYPE’s inverse relationship with Bitcoin. The token shows a -0.49 correlation with BTC, making it less likely to be affected by Bitcoin -triggered dips.

This separation gives room for HYPE to have independent momentum. If demand remains strong, HYPE could potentially break $34.31 and resume its recovery trend.

However, downside risks remain if investors start taking profits. A drop below $26.82 would weaken the market structure and push HYPE to fall below the 50-day EMA. This scenario would invalidate the bullish outlook and could take the price down towards $23.69.

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Canton (CC)

CC remains one of the strongest performing altcoins in the crypto market, backed by a consistent uptrend. In the past two weeks, the token has risen steadily and recorded a gain of nearly 30% in just the past seven days. This momentum reflects continued demand and makes CC a relatively safe choice amid market volatility.

During this period, CC managed to set an all-time record high for the third consecutive time at $0.195. As of February 2, the price was trading near $0.184.

The Chaikin Money Flow indicator is still above the zero line, indicating a dominant inflow of funds. This opens the opportunity for the price to break the ATH (All-Time High) and head towards $0.215.

A new downside risk arises if investor sentiment turns towards profit-taking. If the price loses the $0.176 support level, the market structure will weaken. A further decline could take CC towards $0.155, even $0.142.

If it breaks below these levels, then the bullish outlook will fall and signal the trend is starting to run out of steam.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. 3 Altcoins to Watch In The First Week Of February 2026. Accessed on February 6, 2026