Weekly crypto movers: HYPE, CC and STABLE buck the market while SOL and WLFI fall
Bitcoin and Ethereum retreated this week while select altcoins produced notable moves. Hyperliquid (HYPE) led winners, rallying from the low $20s to test $32–$34 after market share reportedly rose from ~18% in December to over 33% by January. Stable (STABLE) climbed ahead of a planned StableChain upgrade on Feb 4, spiking near $0.026 before easing to ~$0.023. Canton (CC) surged ~29% from $0.14 to $0.18 with strong volume but later consolidated. Smaller caps including Zora (ZORA), Kite (KITE) and Sentient (SENT) posted 23–38% gains. On the downside, Story (IP) fell over 30% to about $1.40 with RSI and money-flow indicators weak. Solana (SOL) dropped ~15% to just above $105, showing oversold indicators (RSI <30, negative MACD). World Liberty Financial (WLFI) plunged ~26% to ~$0.12 despite reports a senior UAE royal bought 49% for $500m; headlines did not stop selling. Other losers included Dogecoin (DOGE, -15%), Zcash (ZEC, -18%) and Sui (SUI, -22%). Key takeaways for traders: elevated short-term volatility, divergence between selective altcoin strength and broader market weakness, and the importance of risk management and position sizing amid continued downward pressure on major caps.
Neutral
The report shows a mixed market: major caps (BTC, ETH) are weak while selected altcoins (HYPE, STABLE, CC, and several small-caps) posted strong gains. That produces a neutral overall market view. Short-term indicators (RSI, MACD, CMF) point to oversold conditions for some large caps like SOL and WLFI, which could invite temporary bounces, but the broad weakness in BTC/ETH suggests limited conviction for a market-wide rally. Historical parallels: past weeks where majors weakened while niche alts rallied (eg. rotation into memecoins or protocol-specific catalysts) led to short-lived alt rallies followed by reconsolidation when BTC resumed downtrends. Trading implications: expect continued high volatility and pair-specific opportunities rather than broad bullish momentum. Traders should prioritize risk management, smaller position sizes on small-cap breakouts, use stop-losses for losers showing strong negative flow (WLFI, IP), and consider mean-reversion trades on oversold majors only with tight risk controls. Monitor catalysts (StableChain upgrade, on-chain metrics and headline developments) that can extend alt rallies or fail to provide lasting support.