Story (IP), Sonic (S), and Hyperliquid (HYPE) are the top three altcoins to watch for the last week of February. Story has surged by 140% in the past seven days, driven by its focus on programmable intellectual property, positioning it as a leading artificial intelligence coin.
Sonic, formerly known as Fantom, is up nearly 40% this week, showing strong bullish momentum after rebranding. Meanwhile, Hyperliquid remains highly profitable but faces bearish pressure due to market skepticism about its new HyperEVM, making all three altcoins crucial to watch as February ends.
Story (IP)
Story is one of the most trending new altcoins in the market. It is known for being a layer-1 chain that focuses on programmable intellectual property (IP).
The platform is built on the idea that IP is the world’s largest asset class and essential for the existence of artificial intelligence. After its launch, it has quickly become one of the biggest artificial intelligence altcoins in the market.
Story’s market cap is currently at $1 billion, and its price has surged by 140% in the last seven days, reflecting strong bullish momentum. If this trend continues, IP could test resistances at $5.32 and $5.88 soon, with the potential to rise above $6 or even $7.
However, the IP is currently in a correction phase, and if the downward movement persists, it could test the support at $3.65. A break below this level could push the price as low as $2.12, highlighting the importance of maintaining bullish momentum to sustain its recent gains.
Sonic (S)
Sonic, formerly known as Fantom, has been trending in the last few weeks, showing strong bullish momentum. Its price is up almost 40% in the last seven days and 55% in the last 30 days, pushing its market cap to $2.4 billion. S reached $0.97 on February 21, one of its highest levels ever.
If this positive momentum continues, Sonic could rise to test levels close to $1 again, potentially breaking above $1 for the first time ever and setting new all-time highs.
However, if the trend reverses, Sonic could test the support at $0.78, and if that level fails to hold, it could drop as low as $0.50.
Hyperliquid (HYPE)
Hyperliquid remains one of the most profitable businesses in crypto, generating $9.15 million in fees over the last seven days.
However, its token, HYPE, is not reflecting this success, having dropped more than 10% in the last 24 hours and 18% in the past seven days. The market appears skeptical about HyperEVM, which Hyperliquid announced last week, contributing to the recent downtrend.
If this bearish momentum continues, HYPE could test two crucial supports at $20.1 and $18.8. A break below these levels could push the price down to $12.1, marking its lowest point since mid-December 2024.
Conversely, if sentiment reverses, Hyperliquid could test the resistance at $24.3, and a break above that could lead to $27.4.
If HyperEVM gains traction and attention returns to the chain, HYPE could rise to $31.4, potentially breaking above $30 for the first time in two months.
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