Capital is rotating into select mid-cap altcoins as momentum builds towards critical technology levels. Some stocks have compressed to just below their record highs, while others have stabilized with their trend structure intact after shallow declines.
Therefore, BeInCrypto analyzed three altcoins that are likely to form a new all-time high in the third week of February.
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KITE
KITE is one of the altcoins closest to retesting its recent high of $0.242. The token is trading less than 17% below its peak. KITE continues to reach record levels due to strong short-term momentum, reflecting continued trader interest and speculative demand in the broader altcoin market.
The Chaikin Money Flow indicator shows a slight decline, but is still above the zero line. This suggests that capital inflows are still present, although momentum has slowed. With continued buying pressure, KITE could break above $0.242. If the breakout is confirmed, the altcoin could be pushed towards $0.270 and establish a new high.
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However, near record levels, profit taking remains a key risk. If investors start unwinding their positions, downside pressure could build quickly. A break below the $0.207 support level could weaken the bullish structure. Further selling could send KITE towards $0.163, invalidating the current upside theory.
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Rain (RAIN)
Another altcoin poised to hit new all-time highs next week is Rain. Despite the recent price drop, the altcoin maintains a bullish structure. The Ichimoku Kumo indicator continues to show supportive momentum, indicating that trend strength remains within the broader crypto market.
Sustained buying pressure could push RAIN back towards its all-time high of $0.0110. The token is currently trading approximately 12.5% below that level. A decisive breakout above $0.0110 would confirm continued strength. This move could push RAIN towards $0.0113, potentially setting a new all-time high.
However, technical momentum must remain stable to support further upside. If buying appetite weakens, downside risk may increase. A decline towards the support level at $0.0097 would indicate bullish control is fading. A break above this level will invalidate the current bullish theory and sentiment will turn bearish.
STABLE
STABLE has emerged as one of the best-performing altcoins this week, rising 45% during the period. The token is currently trading around 21% below its all-time high of $0.0325. Continuing momentum strengthens the bullish trend and puts STABLE within reach of record price levels.
The Money Flow Index remains above the neutral benchmark of 50.0, indicating active buying pressure. Positive capital inflows suggest that demand continues to outstrip supply. If accumulation continues, STABLE could cross $0.0325. If the breakout is confirmed, the rally could widen towards $0.0368 and hit a new all-time high.
However, short-term holders may start to book profits after the recent rally. Increased selling activity may weaken the upward momentum. A fall to $0.0225 would indicate a cooling in demand. A further decline towards $0.0189 will invalidate the current bullish outlook.
