Altcoins Look to Network Catalysts as Market Weakness Persists

HBAR0,07%
SOL-0,25%

The crypto market has struggled over the past few days, with prices broadly moving lower despite early signs of improvement in macroeconomic conditions. In this environment, many altcoins are no longer relying solely on overall market recovery and instead depend on project-specific developments to regain momentum. As January draws to a close, several tokens are showing signals that could lead to short-term shifts, driven by either technical accumulation or upcoming network events.

Hedera Faces Pressure but Shows Early Accumulation Signals

Hedera (HBAR) continues to trade under pressure, hovering around $0.1058 after more than three months of persistent decline. The prolonged downtrend reflects cautious investor sentiment and a lack of strong bullish conviction, with price action struggling to find a clear bottom. Growth has remained subdued as broader bearish conditions weigh on the asset.

Still, there are early signs that selling pressure may be easing. The Money Flow Index has started to turn higher, suggesting that buying interest is gradually increasing while sell-side momentum fades. This shift points to dip-buying activity emerging beneath the surface. If this trend continues, HBAR could attempt to reclaim the $0.109 level, with potential upside toward $0.114 and $0.120. However, downside risks remain significant. A decisive breakdown below the $0.103 support would likely invalidate the recovery attempt and expose the token to further losses toward the $0.099 area.

River Explodes to New Highs on Strong Momentum

River (RIVER) has delivered one of the most aggressive moves in the market, surging nearly 200% over the past week and trading near $80 at the time of writing. The rally briefly pushed the token to a new all-time high around $84, reflecting strong speculative demand and rapid capital rotation into outperforming assets.

Momentum indicators continue to support the bullish structure, with trend-following signals confirming that buyers remain in control. As long as capital inflows persist, RIVER could extend its advance toward the $100 psychological level and potentially push higher toward $115. That said, the sharp rise also increases the risk of profit-taking. If selling pressure intensifies and key support near $60 gives way, the price could retrace deeply, potentially falling back toward the $36 region and signaling a broader corrective phase.

US Oil Gains Attention Ahead of Solana-Based Launch

US Oil (USOR) is emerging as a fundamentally driven altcoin ahead of its scheduled launch next week. Designed as a decentralized on-chain reserve index on Solana, the token aims to provide digital exposure to physical oil reserves through transparent supply tracking and market-based pricing mechanisms.

Interest in USOR is supported by strong initial fundamentals, including the fact that the vast majority of its supply is currently locked. At the same time, renewed geopolitical focus on US influence over Venezuelan oil has added relevance to the project’s narrative. These factors have positioned USOR as one of the more closely watched launches as the market heads into the final days of January and early February.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ethereum Golden Triangle Formation Continues to Hold Since 2017, $10,000 ATH Target Next

Ethereum golden triangle formation continues to hold since 2017. $10,000 ETH ATH target expected next.  Could ETH and altcoins see a steady rise in prices soon? The crypto community is patiently waiting for the peak altseason phase to play out, despite the many bearish signals and

CryptoNewsLand7m ago

Glassnode: Whales on Hyperliquid Maintain Long Positions, Expect Bitcoin Breakout

Gate News message, April 24 — According to Glassnode data, large traders on Hyperliquid have maintained sustained long positions in Bitcoin, anticipating a breakout from the current trading range. Over the past two months, these whales have steadily increased their confidence and long positions, re

GateNews1h ago

SHIB Holder Base Surges by 10,000 Wallets to 1.573M as Shibarium Hits 1B Transactions

Gate News message, April 24 — Shiba Inu's holder base expanded sharply between April 19 and April 22, 2026, with more than 10,000 new Ethereum wallets joining the network and pushing the total above 1.573 million. Etherscan data recorded the move as one of the fastest short-term expansions this

GateNews1h ago

Willy Woo: Bitcoin Price Action Mirrors Nasdaq, May Need Decade to Gain Recognition as Safe Haven

Gate News message, April 24 — Crypto analyst Willy Woo stated that while most Bitcoin holders view BTC as a safe-haven asset, the reality is more nuanced. Bitcoin does possess safe-haven characteristics—for instance, it enables cross-border asset transfers via seed phrases during wartime and

GateNews1h ago

Bitcoin Technical Signals Show Multi-Dimensional Convergence, $73K Becomes Key Reversal Confirmation Level

Gate News message, April 24 — According to BIT on Target's weekly report, Bitcoin's bear market phase may be nearing its end as multiple technical signals across different timeframes are forming a convergence pattern. The weekly stochastic oscillator has retreated to levels not seen since

GateNews1h ago

Bitcoin Short-Term Holders Discount Narrows to -5.7%, SOPR Signals Recovery

Gate News message, April 24 — Bitcoin short-term holders (STH) are showing signs of recovery as their discount narrowed from -21.6% to -5.7%, according to on-chain analyst Axel Adler Jr. The STH-SOPR (Spent Output Profit Ratio) 7-day moving average has climbed back above 1.0, indicating that short-t

GateNews3h ago
Comment
0/400
No comments