Key Takeaways
As the cryptocurrency market evolves, several altcoins are poised for significant developments in February 2025, driven by fundamental catalysts and upcoming events.
Here are five altcoins to watch in February with both fundamental and price action factors in mind.
Onyxcoin has demonstrated impressive growth, surging from $0.002 to nearly $0.05 in recent months—a 20x increase.
This momentum is attributed to partnerships with HTX Global and blockchain infrastructure platform Chain.
Resolving a dispute with Tron’s founder, Justin Sun, further bolstered market confidence.
Additionally, the Onyx DAO’s announcement of the Onyx XCN Ledger aims to enhance scalability, security, and efficiency. A community-driven token burn proposal could also impact supply dynamics.
The XCN 4H chart shows a symmetrical triangle pattern, signaling a potential breakout soon. Support is near $0.030, while resistance sits around $0.040.
Volume has tapered off, suggesting accumulation before a move. The RSI is neutral (~50), indicating no immediate overbought or oversold conditions.
A bullish breakout above the triangle’s resistance with strong volume could push XCN toward $0.05 and to a new all-time high, while a bearish breakdown below $0.030 may lead to a retest of $0.025-$0.020.
Watch for volume spikes to confirm direction.
Stacks enable smart contracts and decentralized applications on the Bitcoin network. With Bitcoin’s recent surge past $109,000, interest in Bitcoin Layer-2 solutions like Stacks is growing.
Technically, STX is testing a critical support zone between $1.27 and $1.29.
Integrating AI with Bitcoin’s blockchain and introducing the Clarity programming language enhance its appeal.
The STX daily chart suggests a potential reversal from a falling wedge pattern, a bullish formation that typically signals the end of a downtrend.
The price is near the $1.36 support level, above the 0.786 Fibonacci retracement at $1.19, indicating a possible bottom.
Resistance levels are at $1.72, $2.12, $2.53, and $3.02, with a major target of around $3.82 if momentum builds.
The RSI is recovering from oversold territory, hinting at a trend shift. If STX breaks above the descending trendline, it could rally toward higher Fibonacci levels. A breakdown below $1.19 would invalidate the bullish scenario.
Ondo Finance has gained attention for its focus on tokenized real-world assets (RWAs). The partnership with BlackRock positions Ondo as a leader in tokenized securities.
The deployment of Ondo Short-Term US Government Treasuries (OUSG) on the XRP Ledger is set to increase liquidity and scalability.
The upcoming Ondo Summit on February 7 is anticipated to bring new developments, potentially driving the token’s price higher.
The ONDO daily chart indicates a breakout from a falling wedge pattern, a bullish reversal signal. The price has reclaimed the 0.382 Fibonacci level at $1.55, suggesting strength.
Key resistance levels lie at $1.77, $2.14, and beyond, with a potential move toward new highs. The RSI is rising and reflecting growing momentum but has not yet been overbought.
If ONDO holds above $1.50, it will likely continue toward $2.14 and higher. A breakdown below $1.36 would invalidate the bullish outlook, leading to a potential downside toward $1.17 or lower.
Hedera Hashgraph is gaining traction as a potential Ethereum rival. The possibility of the SEC approving a spot HBAR ETF could be a significant catalyst.
The network is experiencing substantial developer activity, indicating robust growth potential.
Technically, HBAR has formed a bullish flag pattern on the daily chart, suggesting potential upward movement.
The HBAR 4H chart shows a higher low formation along an ascending trendline, indicating a bullish continuation.
The price is currently near $0.318, with support at $0.306 and $0.255, while resistance is at $0.387.
A break above $0.387 could confirm an Elliott Wave 5 impulse move, targeting $0.50+ in the coming weeks.
The RSI is neutral, suggesting room for upside without immediate overbought conditions.
Holding above $0.306 keeps the bullish structure intact, while a drop below $0.255 would invalidate the setup.
Stellar has recently outperformed, surging by almost 350% from its November lows. The formation of a bullish pennant pattern indicates the potential for further gains.
Stellar is often viewed in relation to Ripple’s XRP, and potential catalysts for XRP, such as ETF approvals or legal resolutions, could positively impact XLM.
The 1-hour XLM chart suggests a developing five-wave impulse, with Wave 3 potentially reaching the 1.618 Fibonacci extension at $0.62 and a full extension targeting $0.70 before that, a Wave 4 pullback may occur, testing support around $0.457, which aligns with the November high and could act as resistance before continuation.
Holding above $0.40 keeps the bullish outlook intact, while a break above $0.50 would confirm an extended rally toward $0.57.
Failure to hold support may lead to a deeper retracement toward $0.38 or $0.343.