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The HappyCat price soared over 184% in the last 24 hours to trade at $0.01385 as of 4:29 a.m. EST as investors FOMO buy the meme coin.
HappyCat Price Attempting To Form A New Support
The HappyCat price has been in a strong positive sequence in the last few hours, and was able to briefly break above the resistance level at $0.01579 during this period. Traders, however, were quick to take profit and subsequently pushed the meme coin’s price to back below this barrier.
1-hour chart for HAPPY/USD (Source: GeckoTerminal)
The HappyCat price is now attempting to establish a position above the $0.01108 mark. Staying higher than this price point for the next 4 hours could give the crypto the technical foundation needed to resume its bullish move. HAPPY could then end up flipping the next resistance at $0.01347 before potentially attempting another challenge at the $0.01579 barrier.
A drop below $0.01108 in the coming few hours could mark the end of the HappyCat price’s rally. Sellers might start to take control in this alternative scenario, which may lead to a correction to the $0.00876 support in the short term.
Buyers Still In Control Of The HappyCat Price
A bullish scenario seems to be more likely to play out in the next few hours, with indicators on the meme coin’s hourly chart suggesting buyers still have a tight grip on the HappyCat price. In addition to Exponential Moving Averages (EMAs) flashing bullish, the Relative Strength Index (RSI) also points to a continued increase for HAPPY.
During the past day of trading, the 9 EMA crossed above the 20 EMA to trigger a popular bullish technical flag. Traders acted on this signal, pushing the HappyCat price in the hours that followed this crossover.
Now, the 9 EMA is still positioned bullishly above the 20 EMA, with the gap between the two lines growing to indicate that HAPPY’s bullish momentum shows no signs of slowing down just yet.
RSI readings have also soared from the low 50s to above 80 in the last 24 hours. Traders usually see high RSI readings as an indication of bullish strength. Given the positive slope of the RSI line, it seems that bulls are still growing stronger against their bearish counterparts. Buyers might subsequently push the HappyCat price higher in the coming 24 hours.
As the HappyCat price tries to keep its bullish momentum alive, investors are also flocking to meme coin rival Crypto All-Stars (STARS) for parabolic gains.
A Meme Coin Staking Opportunity Like No Other
Crypto All-Stars (STARS) will unlock an unprecedented staking opportunity for meme coin lovers through its innovative MemeVault platform.
Unlike the vast majority of projects that revolve around their native tokens, Crypto All-Stars takes a different approach by giving meme coin investors the ability to earn staking rewards through a variety of popular tokens.
Big name cryptos including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO will initially be available to stake on the Crypto All-Stars platform. More options are scheduled to be added in the coming weeks as well.
All tokens staked in the MemeVault will generate crypto rewards paid out in STARS, which analysts and experts predict could surge after its launch.
Popular YouTuber ClayBro is among those who are bullish on STARS. In a video to his more than 130K subscribers, he said the meme coin has the potential to soar 26X.
In addition to the project’s speculative potential and multi-crypto support, Crypto All-Stars is also offering anyone who buys and stakes STARS now a huge 482% in annual staking rewards.
Investors Flock To STARS Before Its Upcoming Launch
Investors have been rushing to buy STARS during its ongoing ICO stage, which has seen the project raise more than $3.3 million already. Whales have also entered the crypto’s presale in the last few weeks.
There’s still time left for investors to get in on the ground stage of the meme coin. Selling for $0.0015556, STARS can be bought with either ETH, USDT, BNB, DOGE, FLOKI, SHIB, PEPE or bank card using the widget embedded on the project’s website.
Once purchased, the STARS tokens can then be put to work for the 482% annual staking return. Buy before a price hike in less than 23 hours for the best deal.
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