Despite a persistently bearish altcoin market, three specific cryptocurrencies—Midnight (NIGHT), Hyperliquid (HYPE), and Monero (XMR)—are displaying notable technical accumulation signals and catalyst-driven strength. This creates a rare 'risk-on' pocket within a weak market as of early February 2026. Analysis identifies these tokens as candidates for fresh highs, driven by tangible roadmap progress and improving money flow indicators, even as broader market sentiment remains fearful.
Midnight (NIGHT), trading around $0.047, is advancing its Q1 2026 'Kūkolu' roadmap phase, which focuses on delivering a stable mainnet with trusted validators and privacy-first applications. Its technical indicators, including a rising Chaikin Money Flow (CMF), suggest shrinking outflows. A key rebound level is identified at $0.053, with potential to move back toward its prior all-time high near $0.120.
Hyperliquid (HYPE), priced at $33.74, shows its CMF moving above zero, indicating dominant inflows. Notably, HYPE exhibits a low correlation with Bitcoin (-0.22), suggesting more independent price action. A significant surge in open interest on its decentralized perpetuals exchange to $793 million around January 26–27, up from $260 million a month prior, reflects growing demand for its derivatives market structure.
Monero (XMR) is trading near $305 following a sharp 30% correction over 11 days. Its Money Flow Index (MFI) suggests selling pressure may be nearing exhaustion. As a privacy coin launched in 2014, Monero maintains a durable narrative centered on fungibility and censorship resistance, indicating persistent, non-speculative demand.
This outperformance is characterized as a flight to quality within specific, maturing crypto sub-sectors. Midnight represents progress in privacy-enhancing Layer 1 blockchains, Hyperliquid reflects the growing market share of high-performance decentralized derivatives, and Monero's resilience underscores demand for private transactions. Separately, other altcoins like Sui (SUI), Avalanche (AVAX), and Litecoin (LTC) are also noted for their resilience, driven by strong network metrics, DeFi adoption, and stable transaction throughput, offering data-driven opportunities in a bearish market.
