Analysts have identified tokens whose value will increase significantly in February

Cryptocurrency market experts have identified 3 altcoins that may attract attention in February. Among them: Horizen (ZEN), Radiant Capital (RDNT), and Injective (INJ).

Horizen updates its network
on February 7, ZEN 5.0.0 will start updating the mainnet via a hard fork on the blockchain. After this update, transactions involving shielded addresses will be disabled. Shielded transactions provide increased privacy using zk-SNARK cryptographic methods.

Meanwhile, ZEN’s daily timeframe shows that since November 8, 2023, the token’s price has been moving along a descending resistance line. This trend line has been repeatedly tested for strength, most recently on January 12, 2024. After the rebound, the price of ZEN also fell below $ 9.20.

According to analysts, a bullish breakout of the trend line could trigger a 45% rise in ZEN to the next resistance at $ 12.

Radiant Capital announces airdrop
The Radiant team has announced that users who lock in dynamic liquidity (dLP) on Arbitrum until February 16, 2024 will receive a reward in ARB. The reward for blocking funds for 12 months will be higher than for blocking for six months.

The RDNT price has been rising along an ascending support line since October 2023. Most recently, in January 2024, it bounced off this trend line. However, the bounce has lost its validity and RDNT is trading below the $ 0.29 resistance area. If RDNT breaks above it, it could rise by 16% to the next resistance at $ 0.33.

Injective announces a new dApp
Injective is a blockchain platform for executing smart contracts and running decentralized applications built on top of Cosmos. It gives users access to numerous dApps with zero gas fees.

on January 28, the Injective team announced that a new decentralized application (dApp) for the ecosystem would be launched on the project’s mainnet.

Since December 24, INJ has been trading inside a long-term symmetrical triangle. The symmetrical triangle is considered a neutral pattern that can end in either a bullish or bearish breakout.

The daily RSI is at a neutral level of 50, also not confirming the trend direction. Therefore, the further vector of the coin’s movement will depend on the direction in which the INJ price will leave the triangle. A bullish breakout could lead to a 20% rise to the next resistance at $ 43, and a bearish breakout could lead to a 22% drop to $ 28 support.