These Three Altcoins Show Resilience Amidst Crypto Market Downturn

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Sentiment towards altcoins remains negative; however, Midnight (NIGHT), Hyperliquid (HYPE), and Monero (XMR) are signaling accumulation and exhibiting strength driven by catalysts. This creates a rare ‘risk-on’ opportunity within a weak market as we approach early February 2026.

Our assessment identified three tokens as potential candidates for new highs, with advancements in their roadmaps and improving money flow indicators as significant factors. While the overall market is experiencing extreme fear, capital is shifting towards projects that have clear developmental milestones or robust narratives, such as privacy and decentralized trading.

Technical Breakouts for NIGHT, HYPE, and XMR

Midnight ($0.047, -4.3%) is progressing with its Q1 2026 roadmap, which focuses on the ‘Kūkolu’ phase. This phase aims to deliver a stable mainnet supported by trusted validators and privacy-centric applications, as noted in a January update.

Technical indicators, including the Chaikin Money Flow (CMF), are on the rise, suggesting that outflows are decreasing. A critical level to bounce back from is $0.053, with a possible movement towards its previous all-time high around $0.120.

Meanwhile, Hyperliquid’s CMF has surpassed zero, indicating that inflows are currently prevailing. HYPE’s price at $33.74 also shows a reported -0.22 correlation with Bitcoin, suggesting more independent price movements. Open interest on the decentralized perpetuals exchange surged to $793M around January 26–27, up from $260M a month prior. This indicates increasing demand for its derivatives market structure.

These Three Altcoins Show Resilience Amidst Crypto Market Downturn0Hyperliquid (HYPE8)24h7d30d1yAll time

Monero is trading close to $305 following a significant 30% decline over 11 days. Its Money Flow Index (MFI) indicates that selling pressure is approaching exhaustion. Monero, a privacy coin introduced in 2014, upholds a strong narrative centered on fungibility and resistance to censorship.

These Three Altcoins Show Resilience Amidst Crypto Market Downturn1Monero (XMR)24h7d30d1yAll time

A Flight to Quality Amidst Market Dispersion

While overall altcoin indexes are weak, dispersion is the prevailing theme. The outperformance of these three tokens is not coincidental. It represents a flight to quality within specific narratives. Midnight signifies advancements in privacy-enhancing layer-1 solutions. Hyperliquid illustrates the increasing market share of high-performance decentralized derivatives platforms.

Monero’s durability reflects a consistent, non-speculative demand for private transactions. For a desk trader, these are not random altcoin investments. They are focused bets on developing crypto sub-sectors that are demonstrating independent strength against a risk-averse macro environment.

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