Cryptocurrency markets have entered February, and after weeks of volatility, several altcoins are showing early signs of a trend reversal. Investor sentiment remains selective, with funding directed toward projects with clear development roadmaps, improved on-chain metrics, and strong narratives such as privacy and decentralized infrastructure.
BeInCrypto analyzed three altcoins that fit these parameters and have the potential to form a new all-time high in February 2026.
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Midnight (NIGHT)
NIGHT started strong in December 2025, but quickly lost momentum as early investors took profits. Selling pressured prices into January. However, the situation looks more positive heading into February. Future network developments and improved capital flow signals suggest downside pressure may ease.
There are two factors that support the possibility of a change in trends. Midnight’s roadmap indicates that Q1 2026 will deliver a stable mainnet with trusted validators and privacy-first applications, centered around the Kucor stage. At the same time, Chaikin money flows are increasing, indicating that outflows may contract, followed by inflows.
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If inflows strengthen, NIGHT could rebound from the $0.053 level. If the buying continues, it could pave the way for a 126% rise to an all-time high of $0.120. Charles Hoskinson’s involvement adds credibility. However, if the momentum cannot be maintained, NIGHT could fall towards $0.039.
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Hyper Liquid (HYPE)
HYPE is currently trading around $29 and would need a 98% rally to re-establish its all-time high of $59. Recent data shows a shift in investor behavior. Chaikin money flow is above the zero line, indicating that inflows are currently dominant. Such transitions often signal the early stages of recovery as buyers absorb supply and stabilize price fluctuations.
Correlation data further supports the bullish outlook. HYPE shows a correlation of -0.22 with Bitcoin, indicating independent price action. Demand is also rapidly increasing. Hyper Liquid’s HIP-3 open interest soared to $793 million from January 26 to 27, 2026, from $260 million the previous month. This growth reflects growing interest in decentralized commodity trading and alternative market structures.
If this momentum holds, HYPE could break through the $38 resistance and move toward $47. If this level becomes support, a recovery path towards $59 will be confirmed. However, the risk will be low if inflows cannot be sustained. Under renewed selling pressure, HYPE could fall towards $23 and even $20, invalidating the bullish theory.
Monero (XMR) – MFI
Another altcoin that could hit new all-time highs is Monero, which is trading around $437 after falling below the $450 support level. Privacy Coin has fallen about 30% in the past 11 days. Despite the decline, money flow indicators suggest that selling pressure is nearing saturation, indicating that downside momentum may be weakening.
Although MFIs are not in oversold territory, they reflect similar depletion conditions. If the buying pressure improves from current levels, XMR could rebound. With privacy coins gaining traction again, Monero could benefit from narrative-driven demand and regain levels above $500 by February 2026.
If the recovery continues, XMR could head toward $600 and $679. Achieving these levels would pave the way for an 83% rally to $800. However, if the privacy story does not result in strong inflows, Monero could consolidate below $500 while maintaining support above $417.
