CandleFocus Why These Altcoins Are Trending Today — November 12
2024-11-12
Author: Content Editor
The cryptocurrency market capitalization has surpassed $3 trillion, leading to the emergence of standout altcoins. Notcoin (NOT), the cryptocurrency tied to the Telegram messaging app, is currently trending due to a notable price increase, following a period of decline. The altcoin's price has increased by 30% in the past seven days and is now being discussed on various social media platforms. The price surge is attributed to a breakout from a falling wedge pattern on the daily chart and increased buying pressure. Dogecoin (DOGE) is also experiencing a surge in price, with a 41% increase in the last 24 hours, pushing its market cap above $60 billion. The Bull Bear Power indicator suggests that DOGE's price could go higher, potentially surpassing $0.45. Lastly, Happy Cat (HAPPY), a meme coin built on Solana, has seen a 147% rise in price in the past 24 hours. However, selling pressure from holders who have gained profits from the altcoin's performance has caused a decline in price. The future price of HAPPY will depend on whether buying pressure increases or selling pressure continues.
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