Altcoin momentum is picking up as renewed buying pressure returns to select high-beta tokens. After a period of consolidation and volatility, several charts are now flashing continuation signals and reversal signals.
BeInCrypto has analyzed three such altcoins that the investors should watch in the second week of February.
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Axie Infinity (AXS)
AXS emerged as the best-performing altcoin today, surging 18% over the past 24 hours. The rally helped preserve the broader uptrend that began at the start of the year. Renewed buying interest suggests traders are regaining confidence after recent volatility weighed on momentum.
A recent pullback delayed a potential Golden Cross that AXS was approaching in early February. If bullish momentum resumes from current levels, the setup could re-emerge. Such a reversal may push AXS above $1.65, opening the path toward the $1.92 resistance zone.
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Downside risk remains if bullish momentum fails to hold. A breakdown below $1.32 would signal a loss of uptrend support. Under that scenario, AXS could slide toward the $1.05 support, invalidating the bullish thesis and shifting sentiment back toward caution.
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Kite (KITE)
KITE is among the strongest-performing altcoins in the market, continuing to post fresh all-time highs since February began. The altcoin set a new ATH at $0.1719 today, extending its momentum-led rally. Persistent buying interest highlights strong demand as traders favor high-momentum assets during the current market phase.
KITE recently bounced from the $0.1506 support, reinforcing bullish structure. The Parabolic SAR remains positioned below the price, signaling an active uptrend. This technical setup supports further upside and suggests the ATH rally may continue as long as buyers defend key support levels.
Profit-taking risk remains elevated after repeated ATHs. Additionally, a decisive drop below the $0.150 support would weaken the bullish structure. Under that scenario, KITE could retreat toward $0.127, invalidating the bullish thesis and signaling a deeper corrective phase.
BankrCoin (BANKR)
BankrCoin is showing strong bullish momentum after a sharp impulsive breakout from the $0.0007020 resistance, which has now flipped into support. Price accelerated toward the $0.00099 all-time high, followed by a tight consolidation near $0.00087. The structure suggests healthy continuation rather than distribution, positioning it as an altcoin to watch.
If buyers defend $0.00087, the price is likely to retest the $0.00099 all-time high. Furthermore, a clean breakout above $0.00099 would open price discovery toward $0.00110 next. Strong bullish candles, rising volume, and shallow pullbacks support continuation, indicating momentum remains firmly in favor of bulls.
Bullish invalidation occurs on an 8-hour close below $0.0007020, which would signal a failed breakout and shift momentum neutral. As a result, a deeper breakdown below $0.0005404 would fully invalidate the bullish structure.
