[Digital Today reporter Yesle Kim] Several altcoins are drawing attention in early February due to strong momentum, rising inflows and a favorable technical environment.
On Feb. 2, blockchain outlet BeInCrypto introduced 3 altcoins that could break record highs or set new peaks.
As of Feb. 2, RAIN is trading around $0.0094 and remains below resistance at $0.0100. That is about 11 percent below its all-time high of $0.0105, and price pressure near resistance suggests buying interest is rising.
Momentum indicators also support short-term stability. The Money Flow Index (MFI) is holding at a neutral line, showing buying pressure is continuing. The outlet said steady demand reduces the risk of a sharp pullback, leaving room for RAIN to set a record high.
KITE has emerged as one of the strongest altcoins in the first week of February, rising 22 percent, and was trading at about $0.141 as of Feb. 2. KITE is holding above support at $0.138, showing steady demand and continued investor interest after the recent rally.
KITE would need an additional 14.8 percent gain to reach its all-time high of $0.163. If it breaks above resistance at $0.150, the uptrend is likely to persist. The Chaikin Money Flow (CMF) is holding above 0, indicating continued inflows. The outlet said that even if inflows ease somewhat, they could still support further gains in the short term.
STABLE is one of the small-cap tokens that posted a strong rally in the first week of February, rising 32 percent over the past 7 days. STABLE was trading at about $0.0271 as of Feb. 2, and the upward momentum reflects rising demand and visibility.
During the rally, STABLE hit a record high of $0.0325, about 19.9 percent above its current level. Holding support at $0.0261 is important, and if it sustains strength above that level, it is likely to set a new record high, the outlet said.