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The Happy Cat price surged 18% in the last 24 hours to trade at $0.009523 as of 3.40 a.m. EST on trading volume that dropped 14% to $10.83 million.
The project’s new price increase comes as a start of a recovery from a rejection by the resistance at $0.012 on December 9, which pushed its price down to the support at $0.0080.
Suddenly strongly undervalued after the sell-off, the price started moving up immediately as traders rushed in to buy the dip, pumping it to $0.010. This is another strong resistance that has been keeping HAPPY from progressing further up, but the price is pushing against it.
Happy Cat Price Prediction
What will happen next, however, is a different matter. As mentioned, the project has struggled to breach the resistance at $0.010, and so far, it was rejected twice in the last 24 hours. The first rejection happened around 14 hours prior to the time of writing, sending the token’s price to $0.0090.
This support allowed it to recover to $0.010 again, only to suffer another rejection, which has already seen it drop to $0.0095. The token’s Bollinger bands have seen a narrowing since then, while the price itself separated itself from the upper band, dropping first to the middle point between the two lines, and then down to the lower band.
Right now, it is pushing the bottom band further down, but this also started another widening.
A more complete image of the situation comes from the project’s Relative Strength Index (RSI) value, which reached the overbought zone as soon as the token hit the resistance at $0.010. The sell-off started immediately, showing that the traders have been optimistic enough to stick to buying and holding their HAPPY tokens until the RSI hit the value of 70, but they didn’t expect it to venture further up, nor the price to breach the resistance at $0.010.
After the RSI dropped to the neutral zone at 50, the project could have gone one of two ways — either start to recover or continue the drop until the metric reaches the oversold zone at 30. The fact that neither the price nor RSI bounced back up shows that the optimism is dropping. Traders are adopting a more realistic stance, and are waiting for the indicator to reach the oversold zone before reacting.
Of course, with Bitcoin back to $100k, the altcoin market could see a new bullish wave in the near future, but for now, the RSI continues to spiral down. It is possible that it will stop at the value of 40 and bounce back up from there, but it could just as easily continue its slow descent to 30, which would likely cause the price to go down to the support at $0.009 before recovering.
Promising Alternative To Happy Cat
With Happy Cat slowing down, investors looking for alternative options might look at Catslap (SLAP).
Catslap is a new meme coin that skyrocketed after launch, triggering rising hype from community members. Catslap continues to attract users with its extremely popular clicking game, which sees a cat slap various entities.
The slapping game was initially just for fun, but it still managed to generate millions of slaps per day. Now, however, the project added a Slap-To-Earn model with a $100k prize pool. That means you earn SLAP tokens with each slap, which drastically increased the amount of engagement with the game.
Players have so far delivered 674 million slaps, and the team’s already held several token-burning events to celebrate major slapping milestones.
The more slaps you give to its Slapometer, the faster another token burn comes, which puts upward pressure on your investment’s price.
Furthermore, the project recently announced its first CEX listing, and now it is only 7 days away from its next big announcement. Speculation about what that might be is already already skyrocketing, with rumors suggesting it could be a listing on a major exchange like Binance or Coinbase.
Even crypto expert ClayBro, a YouTuber with over 133k subscribers, believes that Catslap could become the most viral meme coin of 2025. He says it has 100x potential.
Whether or not you agree, the project is hugely popular and thus has strong potential to blow up during the next big bull run.
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Catslap (SLAP) - New Cat Meme Coin On Ethereum
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