Top 3 altcoins with notable trends today - February 4

TapChiBitcoin
WLFI-0,57%
ATOM-1,91%
JUP-5,3%

World Liberty Financial (WLFI), Cosmos (ATOM), and Jupiter (JUP) all experienced slight recoveries on Wednesday, countering the sell-off wave that has been sweeping across the entire cryptocurrency market. However, the technical outlook for WLFI and ATOM still shows mixed signals, as the short-term rebound continues to face pressure from the prevailing downtrend.

World Liberty Financial Recovers from a Key Support Zone

As of Wednesday, World Liberty Financial (WLFI) is trading around $0.1300, maintaining a gain of approximately 3% compared to the previous session. Nevertheless, the overall technical picture remains risky as the price continues to stay below the 50-day EMA at $0.1552, while the 200-day EMA at $0.1589 acts as a resistance ceiling, sustaining the long-term downtrend.

In this context, any sustainable recovery efforts by WLFI are likely to face strong selling pressure near these moving averages.

Daily WLFI/USDT Chart | Source: TradingView

On momentum indicators, the MACD and signal line are showing signs of weakening in the bearish trend as the negative histogram narrows, reflecting cooling selling pressure. The RSI is currently at 34, having bounced off the oversold zone but still below the neutral 50 level, indicating that buying demand has not yet gained the upper hand.

Conversely, if WLFI loses the critical support zone at $0.1215—corresponding to the low formed on December 18—the price could face the risk of extending its decline toward the S1 Pivot at $0.1062.

Cosmos Extends Its Recovery Above the $2.00 Level

ATOM rose about 2% at the time of writing on Wednesday, marking its third consecutive session of recovery and bringing the total gain to over 8%. However, this upward move is still insufficient to reverse the trend as ATOM continues to trade below the 50, 100, and 200-day EMAs—at $2.283, $2.541, and $3.094 respectively—all pointing downward. The position of the 50-day EMA below the 100-day EMA continues to confirm that the bearish trend remains dominant.

In a positive scenario, if ATOM can close firmly above the 50-day EMA around $2.283, the recovery momentum could extend toward the 100-day EMA at $2.541. On the other hand, failure to break above this level would keep selling pressure intact, with the EMAs acting as significant resistance barriers.

Daily ATOM/USDT Chart | Source: TradingView

Regarding momentum indicators, the MACD remains below the signal line, but the histogram is gradually narrowing toward zero, indicating waning selling pressure. The RSI at 42 reflects a neutral-to-bearish stance, although it is trending upward, suggesting market momentum is stabilizing but not yet strong enough to confirm a clear reversal.

In a negative scenario, ATOM could face the risk of retesting the key support zone at $1.832—matching the December 18 low—if resistance levels above intensify.

Jupiter Strives to Regain Upward Momentum

The JUP token is still trading below the 50-day EMA at $0.2111, which continues to suppress its recovery attempts and maintains a short-term bearish bias. As of Wednesday, JUP has gained nearly 1%, extending its recovery after a 3% increase in the previous session.

In a positive outlook, if JUP can close decisively above the 50-day EMA at $0.1552, selling pressure could ease, paving the way for a technical rebound toward the R1 Pivot resistance at $0.2299. Conversely, continued rejection at this level would increase the risk of a correction and maintain the downward trend.

Daily JUP/USDT Chart | Source: TradingView

On momentum, the MACD remains below the signal line around zero, but the negative histogram is shrinking, indicating weakening selling pressure. The RSI at 48 is slightly rising, reflecting a more balanced market condition.

If the price reverses downward, the notable support zone for JUP remains at the December 18 low, around $0.1695.

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