Why These Altcoins
Are Trending
Today —
November 12
As the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market capitalization surpassed $3 trillion, many
standout altcoins have captured investors attention. As a result, some
of these are the hot trending altcoins today , according to CoinGecko .
Driven by recent developments, price movements, and surges in trading volume,
this article examines why these coins are taking center stage and what’s
fueling the excitement behind each one.
Notcoin (NOT)
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Today, Notcoin (NOT), the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта tied to the Telegram messaging app,
is first on the list of the hot trending altcoins. NOT is trending today
because of its notable price increase. Over the last few months, the altcoin’s
value experienced a massive decline and showed signs of hitting a new all-time
low.
However, the price has now increased by 30% within the last seven days while
trading at $0.076. This significant resurgence has brought NOT back into the
spotlight, with the token now having many mentions on several social media
platforms.
From a technical standpoint, NOT’s price experienced this rally due to a
breakout from the falling wedge on the daily chart. The increase also
materialized because of the surge in the buying pressure on the spot market .
For context, a falling wedge is a bullish chart pattern that appears when the
price consolidates between two downward-sloping, converging trendlines.
Notcoin Daily Analysis. Source: TradingView
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As seen below, Notcoin’s breakout occurred after a bullish engulfing candle
appeared out of the wedge. While the altcoin seems to be facing resistance at
$0.0082, the support at $0.0076 looks likely to prevent another drawdown.
If that happens, Notcoin’s price could climb toward $0.010. In a highly
bullish situation, it might rise to $0.013. However, if bulls fail to defend
the price, it could decrease to $0.0056.
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin (DOGE)
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s position among the top trending altcoins may come as no
surprise to dedicated market followers. Over the past 24 hours, DOGE’s price
surged by 41% to $0.40, pushing its market cap above $60 billion.
Further, this recent rally marks Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s highest price since May
2021. Earlier in the month, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s price was $0.15. However, with a 169%
hike in the last seven days, the Bull Bear Power (BBP) shows that the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта could go higher.
This is because the BBP, which measures the strength of bulls against bears,
shows that the former are in control. If this remains the case, DOGE’s price
could rally beyond $0.45. Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Daily Analysis. Source: TradingView
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On the flip side, if the altcoin gets overbought and profit-taking rises, it
might pull back. In that scenario, DOGE could slide to $0.35.
Happy Cat (HAPPY)
Last on the list today is Happy Cat (HAPPY), a meme coin built on Solana .
Like other altcoins, HAPPY is trending because of its performance, which has
seen its price rise by 147% in the last 24 hours.
This price increase could be linked to the trending narrative around
Cat-themed meme coins. However, the 1-hour chart shows that HAPPY’s price has
decreased to $0.027. This decline is largely due to selling pressure from
holders who have gained from the altcoin’s performance. Happy Cat 1-Hour
Analysis. Source: TradingView
Should this continue, then HAPPY’s price could drop to $0.018. On the other
hand, if buying pressure rises, this could change, and the altcoin could rally
as high as $0.043.
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