3 Altcoins Traders Are Watching as February Kicks Off

• Network upgrade drives ZIL’sinterest, but price must reclaim $0.0045 to confirm strength.

• Strong gains and Bitcoin decoupling supports HYPE’s upside if price holds above $26.82.

• Sustained uptrend and strong inflows keeps CC’s momentum intact above $0.176.

Market conditions remain fragile, yet selective opportunities continue to appear across the altcoin space. Instead of chasing momentum, many traders now focus on tokens with clear narratives and defined technical levels. Early February highlights projects backed by upgrades, strong price behavior, or sustained demand. Zilliqa, Hyperliquid, and Canton stand out as February opens, each offering a different setup worth monitoring closely.

Zilliqa (ZIL)

Source: Trading View

Zilliqa enters the first week of February with renewed interest driven by a major network milestone. The Cancun upgrade is scheduled to activate on the mainnet through a hard fork. This upgrade focuses on improving communication speed and providing more precise network control. These improvements may strengthen confidence among market participants and encourage short-term accumulation. Increased attention around the upgrade could support demand if execution meets expectations.

From a technical perspective, ZIL continues to trade inside a descending channel. Price action shows compression near the lower boundary, suggesting a possible reaction zone. A bounce from the $0.0039 area would align with recent historical support. For bulls to regain control, price must break above $0.0045 and hold that level as support. Rising trading volume would serve as confirmation for any breakout attempt.

Hyperliquid (HYPE)

Source: Trading View

Hyperliquid stands apart from most decentralized exchange tokens after delivering strong gains over the past week. Price advanced by roughly 34 percent while many altcoins struggled to find direction. HYPE trades near the $30.01 level and continues to press against resistance around $30.84. This positioning reflects resilience despite broader market hesitation and reduced risk appetite.

One factor supporting continued strength is the token’s inverse relationship with Bitcoin. HYPE shows a negative correlation close to minus 0.49 against BTC. This behavior reduces exposure during Bitcoin-led downturns and allows independent price movement. If buying pressure remains intact, a push toward the $34.31 region becomes possible, extending the recovery structure already in place.

Canton (CC)

Source: Trading View

Canton continues to rank among the strongest performers across the broader crypto market. Price action reflects a clean and sustained uptrend supported by consistent demand. Over the past two weeks, CC maintained upward momentum, gaining nearly 30 percent during the last seven days alone. This steady advance positions the token as a relative outperformer during volatile conditions.

Recent price action delivered a third consecutive all-time high near $0.195. After reaching this level, price entered a consolidation phase near $0.184. On-chain and volume indicators remain supportive, with Chaikin Money Flow holding above the zero line. This signal suggests continued capital inflows rather than distribution. If demand persists, a move toward $0.215 remains possible.

February opens with traders favoring clarity over speculation. Zilliqa offers an upgrade-driven narrative paired with clear technical levels. Hyperliquid shows strength through Bitcoin decoupling and strong recent performance. Canton leads with steady demand and a well-defined uptrend.