3 Altcoins to Watch In The First Week Of February 2026

Altcoins are starting February with mixed signals as selective tokens show strength despite broader market uncertainty. Key network upgrades, unique market positioning, and strong technical momentum are shaping short-term opportunities. 

BeInCrypto has analysed three such altcoins to keep on the radar during the first week of February.

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Zilliqa (ZIL)

Zilliqa is a token to watch as its network prepares for a major upgrade this week. The Cancun upgrade will activate on the mainnet through a hard fork. The update aims to improve communication speed and offer finer-grained control, potentially boosting investor interest and short-term demand.

ZIL price may benefit if the upgrade drives a demand surge. The altcoin is trading within a descending channel. A bounce from $0.0039 could occur. A confirmed breakout would require flipping $0.0045 into support alongside a sharp increase in trading volume.

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Downside risk remains if broader market conditions deteriorate. Under sustained bearish pressure, ZIL could break below the channel structure. A drop under the $0.0036 level would invalidate the bullish thesis. Such a move would likely extend losses and delay any recovery attempt.

Hyperliquid (HYPE)

HYPE has emerged as the only positively performing DEX token over the past seven days, gaining 34%. The altcoin is trading near $30.01 at the time of writing. Price remains just below the $30.84 resistance, signaling continued strength despite broader market weakness.

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A key driver is HYPE’s inverse relationship with Bitcoin. The token shows a -0.49 correlation with BTC, reducing exposure to Bitcoin-led declines. This decoupling supports independent momentum. If demand holds, HYPE could reclaim $34.31 and extend its recovery trend.

Downside risk remains if investors shift toward profit-taking. A drop below $26.82 would weaken the market structure. Such a move would also push HYPE under the 50-day EMA. This breakdown could invalidate the bullish thesis and expose the price to a decline toward $23.69.

Canton (CC)

CC remains one of the strongest performers in the crypto market, supported by a sustained uptrend. The altcoin has rallied steadily for two weeks, adding nearly 30% over the past seven days. This momentum reflects consistent demand and positions CC as a relatively safe bet amid broader volatility.

During this period, CC recorded its third consecutive all-time high at $0.195. The token is trading near $0.184 at the time of writing. The Chaikin Money Flow remains above the zero line, signaling dominant inflows. This setup supports a potential push past the ATH toward $0.215.

Downside risk emerges only if investor sentiment shifts toward profit-taking. A loss of the $0.176 support would weaken the structure. Such a move could push CC toward $0.155 or even $0.142. Falling below these levels would invalidate the bullish thesis and signal trend exhaustion.