As we move into the third week of February, I’m seeing continued volatility in the altcoin market. Several major tokens are at key decision points technically, and overall market confidence is still pretty shaky. A few assets, in particular, seem to be hinging on news or events outside of typical trading patterns to determine where they’ll go next.
Following that trend, BeInCrypto has examined three altcoins that investors might want to keep an eye on during the third week of February.
Arbitrum (ARB)
As a researcher, I’ve been tracking ARB, and it’s currently trading around $0.1134. We’ve seen a consistent downward trend from a high of $0.2261, and the price action clearly indicates a bearish market – meaning we’re seeing lower highs and significant selling pressure. Looking at potential resistance levels using Fibonacci retracement, I’m watching $0.1255 and $0.1447 as areas where the price might struggle to move higher. Overall, the momentum still favors the downside.
The price currently finds some support around $0.1074, slightly above its lowest point ever at $0.0944. If the price falls below $0.1074, it could continue down to $0.0944. Breaking through that level might lead to the price hitting new lows. The Chaikin Money Flow indicator, currently at -0.04, suggests money is still flowing out of the altcoin, with little buying interest.
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Arbitrum (ARB) needs to close the day above $0.1255 to show signs of a short-term recovery. If the price breaks above $0.1447 and stays there, it could signal a larger trend change, potentially reaching $0.1758. However, the negative outlook will only change with a firm move above $0.1447; until then, the price could fall to $0.0944.
Injective (INJ)
INJ is currently trading at $3.134 after falling sharply from a high of $5.924. The price action suggests a downtrend, with each rally failing to surpass previous highs. Key resistance levels are seen around $3.275 and $3.662, and as long as the price stays below these points, the short-term trend is likely to remain downward.
The price currently finds support around $3.036, but if it falls below this level, it could drop to $2.650, and potentially even $2.500. Because INJ’s price tends to move with Bitcoin (it has a strong correlation of 0.98), any further decline in Bitcoin could likely pull INJ down with it.
For buyers to start driving the price up again, it needs to get back above $3.275 and stay there. If the price clearly closes above $3.662, that would signal a major change, potentially leading to increases towards $3.937 and $4.287. A strong close above $3.662 would disprove the idea that the price will continue to fall. Until that happens, the most likely scenario is a continued drop towards $2.650.
Bitcoin Cash (BCH)
BCH is an altcoin to keep an eye on in February. It’s currently trading at $558.3 after a significant bounce from $423.0. It has already broken through a key resistance level at $541.8 and is now approaching another at $574.1. While the price movement suggests a potential recovery, further gains are needed to confirm a lasting upward trend.
Currently, the price around $541.8 is a key support level. If the price falls below $541.8, it could signal a downward trend, potentially leading to drops to $516.4 and then $480.7. The Money Flow Index (MFI) reading of 57.12 suggests the price has been rising steadily, but isn’t overbought. If selling pressure increases, the next significant support level to watch would be around $458.7.
Bitcoin Cash needs to close the day above $574.1 to confirm an upward trend. If it does, potential price targets are $609.8, $631.8, and $649.6. However, a drop below $516.4 would negate this positive outlook. An upcoming Bitcoin Cash meetup in Toronto on February 17th will focus on BCH’s technology and the significant LAYLA upgrade planned for May, which could help drive price increases.
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2026-02-16 12:32