The Happy Cat (HAPPY) coin inches towards record-breaking increase as the crypto asset today gained a remarkable 15.48% surge, according to a revelation disclosed by market analyst TIGER. Such unmatched performance has triggered heightened attention on the cryptocurrency, putting it on the radar of crypto-savvy investors and market observers.
Happy Cat ($HAPPY) is a meme asset built on the Solana blockchain, inspired by a viral cat video, leveraging the advantages of online culture and community engagement as its key drivers.
After recording the 15.48% rise today, HAPPY currently trades its price at $0.0003585. Its value has also been up 19.6% and 21.3% in the past seven days and two weeks ago, respectively, an indicator of increased buying appetite on its platform and continuing upside movement.
HAPPY Price Forms Triangle Pattern, Ready For 70% Move
According to the observation from the analyst, the crypto asset is at a critical turning point driven by its continued attraction of crypto buyers’ (traders’) interest. Technical analysis shows that HAPPY price has been following a clear ascending trendline and is now setting up a significant symmetrical triangle pattern, which typically suggests a looming price breakout.
Historically, crypto assets often witness explosive rallies to new heights after breaking out of a symmetrical triangle pattern, which normally leads to a 70%-140% price increase to new highs. Based on historical bullish trends, HAPPY appears to be approaching a breakout from its current symmetrical triangle pattern. With this in mind, technical analysis projects that Happy’s breakout could prompt it to experience a 70% surge towards the target $0.0006094 from its current price.
What’s Next For HAPPY And Why These Top Trending Meme Coins
As per the market observation shared by the analyst, HAPPY is looking stronger and appears to be breaking out of its symmetrical triangle pattern while moving in an ascending trendline. The $0.0006094 is the area now in focus, a crucial threshold that functions as a psychological resistance zone.
However, landing at $0.0006094 will not be without difficulties due to increased volatility currently being noticed in the wider cryptocurrency market and specifically in the meme coin sector. Assets such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have been under intense pressure, a reflection of the ongoing struggles of overall meme coin markets to sustain their retail surge amid increased volatility in the larger crypto market.
However, data from CoinGecko pointed out the current best-performing assets in the meme coins sector, which include Trillions (TRILLIONS), Punch (PUNCH), Useless Coin (USELESS), and Happy Cat (HAPPY), which have up 6554.6%, 1157.4%, 22.3%, and 19.6% over the past week, respectively, showing their extraordinary popularity.
