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 <p>A recent <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> shows that while Bitcoin’s price has been declining since January 14, three alternative cryptocurrencies (alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>)—Chainlink (LINK), Frax Share (FXS), and Ethereum (ETH)—are exhibiting positive momentum that could allow them to outpace BTC in February.</p>
 <p>Let us dive deeper to find out why these alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> have a chance to outshine Bitcoin.</p>
 <h2 class="wp-block-heading" id="h-chainlink-breaks-long-term-resistance">Chainlink Breaks Long-Term Resistance</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp" alt="Why Chainlink (LINK) Is Gearing Up For $25-30 Breakout In Coming Months?" class="wp-image-117190" srcset="https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 1024w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 768w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 1536w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 550w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 800w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 1160w, https://cdn.thebittimes.com/images/2024/02/02/d7160697e7cf542dac1e7e94558b992b.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>According to an <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, Chainlnk’s price has been falling under a long-term descending resistance line since June 2020, bottoming out at approximately $7.56 last June. Although it briefly broke support at approximately $9.66, LINK managed to reclaim that level shortly after and turn the drop into a deviation.</p>
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 <p><strong>Also read: Cryptocurrency: 5 Coins To Watch in February 2024 To Generate Profits</strong></p>
 <p>Despite another pullback, LINK appears to be gearing up for a second try at breaking out above approximately $17.64. If successful, analysts project the token’s price could climb 100% to the next ceiling of approximately $31.5. Moreover, LINK’s daily Relative Strength Index (RSI), a momentum indicator used to gauge whether an asset is overbought or oversold, remains supportive of further gains as it holds above 50.</p>
 <p>Both factors point to bullish price action ahead for LINK relative to BTC. However, failure to eclipse resistance at approximately $17.64 risks triggering a 40% plunge back towards support around approximately $9.24, tempering the positive LINK outlook.</p>
 <h2 class="wp-block-heading" id="h-frax-share-forms-bottom">Frax Share Forms Bottom</h2>
 <figure class="wp-block-image size-full"><img decoding="async" width="752" height="423" src="https://cdn.thebittimes.com/images/2024/02/02/95823fce21f4ae533b7960de596cd810.webp" alt class="wp-image-126869" srcset="https://cdn.thebittimes.com/images/2024/02/02/95823fce21f4ae533b7960de596cd810.webp 752w, https://cdn.thebittimes.com/images/2024/02/02/95823fce21f4ae533b7960de596cd810.webp 300w, https://cdn.thebittimes.com/images/2024/02/02/95823fce21f4ae533b7960de596cd810.webp 380w, https://cdn.thebittimes.com/images/2024/02/02/95823fce21f4ae533b7960de596cd810.webp 550w" sizes="(max-width: 752px) 100vw, 752px">
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 <p>Like LINK, FXS’ price has also been constrained under a descending resistance line since marking its record high of approximately $50.4 in early 2022. Multiple tests of trendline resistance ultimately resulted in FXS bottoming out at approximately $5.46 in November 2023.</p>
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 <p><strong>Also read: Shiba Inu Weekend Price Prediction: Can SHIB Delete a Zero?</strong></p>
 <p>In the months leading up to the upside breakout, FXS’ weekly RSI indicator formed a bullish divergence—a sign of strengthening positive momentum. Now trading above resistance, analysts forecast FXS could climb by another 100% to challenge the next hurdle around approximately $20.16.</p>
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 <h2 class="wp-block-heading" id="h-ethereum-flashes-reversal-signals">Ethereum Flashes Reversal Signals</h2>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp" alt="Ethereum Trades In Green While BTC Bleeds, Will ETH Hit $3,000 Soon?" class="wp-image-123604" srcset="https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 1024w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 300w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 768w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 1536w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 380w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 550w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 800w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 1160w, https://cdn.thebittimes.com/images/2024/02/01/df83d43a5e447c66a99b4aa947e2348e.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>Rounding out the trio of outperforming alt<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>, ETH’s price has closely tracked an ascending support trendline for over 1,600 days. After retesting this critical support in early January, ETH bounced sharply higher to print a large bullish candle.</p>
 <p>To confirm its bullish trend reversal, analysts want to see Ethereum conquer nearby descending resistance (currently around approximately $2730). A decisive breakout could set the stage for a 50% advance toward formidable resistance at approximately $3360.</p>
 <p><strong>Also read: XRP: 3 Key Warning Signs For Investors</strong></p>
 <p>On the other hand, failing to hold above support risks triggering a 30% plunge towards approximately $1512. However, analysts remain optimistic about the second-largest cryptocurrency, given the supportive momentum signals.</p>
 <p>In sum, while Bitcoin searches for its next decisive move, LINK, FXS, and ETH appear poised to leave it in the dust in February if their respective technical indicators prove prescient</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptocurrency-3-altcoins-that-could-outshine-bitcoin-in-february-tbt78597.html">https://thebittimes.com/cryptocurrency-3-altcoins-that-could-outshine-bitcoin-in-february-tbt78597.html</a></p>

Cryptocurrency: 3 Altcoins That Could Outshine Bitcoin in February

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