Sentiment toward altcoins remains negative, but Midnight (NIGHT), Hyperliquid (HYPE), and Monero (XMR) are showing signs of catalyst-driven accumulation and strength. This provides a rare window for “the return of risk appetite” in a weak market heading into early February 2026.
Our analysis has identified three of the best cryptocurrencies to buy now as candidates to reach new highs, with progress on the roadmap and improving money flow signals being the main drivers. As the market as a whole shows extreme fear, capital is flocking to projects that have clear development milestones or sustainable narratives such as privacy and decentralized commerce.
Technical points for NIGHT, HYPE and XMR
Midnight ($1,000.50, -4.3%) is progressing on its Q1 2026 roadmap, focused on the “Kūkolu phase.” This phase provides a stable mainnet with trusted validators and privacy-focused applications, according to the January update.
The Chaikin Funds Flow (CMF) Index is rising, indicating that outflows are decreasing. The key level for a rebound is $0.053, with the potential for a return to the previous high near $0.120.
For its part, Chaikin Fund Flow for Hyperliquid rose above zero, indicating that inflows are now under control. The HYPE price at $33.74 also shows a negative correlation of -0.22 with Bitcoin, signifying a more independent price movement. Open interest in decentralized derivatives platforms reached $793 million as of January 26-27, up from $260 million a month earlier. This reflects growing demand for its derivatives market structure.
Hyperliquid (HYPE8)24h7d30 days1 yearAll the time
Monero is trading near $305 after a sharp 11-day correction of 30%. The Money Flow Index (MFI) indicates that selling pressure is running out. Monero, a privacy coin launched in 2014, maintains a sustainability narrative focused on fungibility and censorship resistance.
Towards quality in a context of market fragmentation
Although the broader altcoin indicators are weak, dispersion is the main theme. The outperformance of these three currencies is not accidental. This is a move towards quality within specific narratives. Midnight represents an advancement in privacy-enhancing layer-one chains. Hyperliquidity reflects the growing market share of high-performance, decentralized derivatives platforms.
Monero’s elasticity indicates constant, non-speculative demand for private transactions. For the professional trader, these are not reckless altcoin bets. These are targeted bets on mature cryptocurrency subsectors that demonstrate independent strength in a risk-averse economic environment.
The article These three alternative currencies defy the winter of digital currencies with their technical strength appeared first on Cryptonews Arabic.