The cryptocurrency market has experienced a period of consolidation in early February 2026, placing technical pressure on several major assets. Despite this broader pullback, specific projects are demonstrating significant resilience through institutional adoption and structural scarcity. Hyperliquid (HYPE) continues to hold a stable position near the $32 level, even as Bitcoin and Ethereum navigate recent volatility.
In contrast, Chainlink (LINK) has shown a softer momentum profile. Technical indicators point toward a range-bound movement, keeping analysts cautious as they monitor the network’s long-term utility against immediate price action. Amid this environment, Zero Knowledge Proof (ZKP) is attracting substantial attention; its Stage 2 presale auction is set to close in five days, with current contribution trends suggesting a projected total raise of $1.7 billion.
Chainlink (LINK) Outlook: Technical Support and Institutional Milestones
Chainlink is currently testing a critical support zone around the $8.20 to $8.95 range following a market-wide correction. The token is trading below its 50-day and 200-day moving averages, suggesting that sellers retain short-term control. However, with the 14-day RSI near 37, the asset is approaching oversold territory, which historically precedes stabilization phases.
Despite the price softening, Chainlink’s fundamental ecosystem remains robust. Significant 2026 milestones include:
- CFTC Appointment: Co-founder Sergey Nazarov’s recent appointment to the CFTC Innovation Advisory Committee.
- CME Group Futures: The launch of regulated LINK futures on February 9, providing institutional-grade hedging.
- Robinhood Integration: Selection as the primary oracle for the new “Robinhood Chain” testnet.
Analysts project that if LINK holds above $8.15, a recovery toward the $10.50 – $11.50 range is plausible by March 2026.
Hyperliquid (HYPE) Defies Volatility Near $32
Hyperliquid has emerged as a standout performer in 2026, maintaining a steady valuation near $31.50 – $32.00. This strength is attributed to its high-frequency trading volume and its role as a leader in on-chain commodity derivatives.
The token’s resilience is supported by expanding open interest and a bullish reversal pattern observed in mid-February. While a deeper market correction could potentially test the $20 support zone later in the year, current sentiment remains positive as the protocol captures a larger share of the decentralized exchange (DEX) derivatives market.
ZKP Presale Auction: Stage 2 Enters Final 5-Day Countdown
The Zero Knowledge Proof (ZKP) ecosystem is currently in the final days of its Stage 2 presale auction. This model utilizes a daily proportional distribution, designed to prevent “whale” dominance and ensure a transparent price discovery process.
Auction Mechanics and Supply Squeeze
- Daily Allocation: Stage 2 currently distributes 190 million ZKP coins daily to participants contributing ETH, USDC, USDT, or BNB.
- Impending Reduction: In five days, the transition to Stage 3 will trigger a supply reduction to 180 million coins per day.
- Strategic Scarcity: This scheduled reduction continues until Stage 17, where only 40 million coins will be released daily.
Analysts emphasize that the daily auction closing prices define the reference rates for the project’s Proof Pods (hardware units), creating a direct link between the presale and real-world network operations. With over $1.78 million already committed in current bids, the trajectory suggests ZKP could reach its landmark $1.7 billion goal before public trading commences.
In Summary
The remaining weeks of February will be decisive for market direction. Chainlink must hold the $8.15 support to avoid a deeper breakdown, while Hyperliquid eyes a breakout toward $35 if current trading volumes persist.
However, ZKP remains the focal point for those prioritizing structural growth. With the Stage 2 auction ending in just five days and a supply cut imminent, the window for high-allocation entry is closing. As the market shifts toward projects with verified infrastructure and controlled supply, ZKP is positioning itself as a core infrastructure play for 2026.
Official ZKP Resources:
- Website: https://zkp.com/
- Auction Dashboard: http://buy.zkp.com/
- Telegram: https://t.me/ZKPofficial
- X: https://x.com/ZKPofficial
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
