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The Glad Cat worth surged 18% within the final 24 hours to commerce at $0.009523 as of three.40 a.m. EST on buying and selling quantity that dropped 14% to $10.83 million.
The venture’s new worth enhance comes as a begin of a restoration from a rejection by the resistance at $0.012 on December 9, which pushed its worth right down to the help at $0.0080.
Instantly strongly undervalued after the sell-off, the value began transferring up instantly as merchants rushed in to purchase the dip, pumping it to $0.010. That is one other sturdy resistance that has been holding HAPPY from progressing additional up, however the worth is pushing towards it.
Glad Cat Worth Prediction
What’s going to occur subsequent, nevertheless, is a unique matter. As talked about, the venture has struggled to breach the resistance at $0.010, and thus far, it was rejected twice within the final 24 hours. The primary rejection occurred round 14 hours previous to the time of writing, sending the token’s worth to $0.0090.
This help allowed it to recuperate to $0.010 once more, solely to endure one other rejection, which has already seen it drop to $0.0095. The token’s Bollinger bands have seen a narrowing since then, whereas the value itself separated itself from the higher band, dropping first to the center level between the 2 strains, after which right down to the decrease band.
Proper now, it’s pushing the underside band additional down, however this additionally began one other widening.
A extra full picture of the scenario comes from the venture’s Relative Energy Index (RSI) worth, which reached the overbought zone as quickly because the token hit the resistance at $0.010. The sell-off began instantly, exhibiting that the merchants have been optimistic sufficient to stay to purchasing and holding their HAPPY tokens till the RSI hit the worth of 70, however they didn’t anticipate it to enterprise additional up, nor the value to breach the resistance at $0.010.
After the RSI dropped to the impartial zone at 50, the venture may have gone considered one of two methods — both begin to recuperate or proceed the drop till the metric reaches the oversold zone at 30. The truth that neither the value nor RSI bounced again up reveals that the optimism is dropping. Merchants are adopting a extra life like stance, and are ready for the indicator to succeed in the oversold zone earlier than reacting.
After all, with Bitcoin again to $100k, the altcoin market may see a brand new bullish wave within the close to future, however for now, the RSI continues to spiral down. It’s doable that it’ll cease on the worth of 40 and bounce again up from there, however it may simply as simply proceed its gradual descent to 30, which might possible trigger the value to go right down to the help at $0.009 earlier than recovering.
Promising Various To Glad Cat
With Glad Cat slowing down, traders in search of different choices would possibly have a look at Catslap (SLAP).
Catslap is a brand new meme coin that skyrocketed after launch, triggering rising hype from group members. Catslap continues to draw customers with its extraordinarily well-liked clicking sport, which sees a cat slap numerous entities.
The slapping sport was initially only for enjoyable, however it nonetheless managed to generate thousands and thousands of slaps per day. Now, nevertheless, the venture added a Slap-To-Earn mannequin with a $100k prize pool. Which means you earn SLAP tokens with every slap, which drastically elevated the quantity of engagement with the sport.
Gamers have thus far delivered 674 million slaps, and the workforce’s already held a number of token-burning occasions to have fun main slapping milestones.
The extra slaps you give to its Slapometer, the sooner one other token burn comes, which places upward stress in your funding’s worth.
Moreover, the venture lately introduced its first CEX itemizing, and now it’s only 7 days away from its subsequent huge announcement. Hypothesis about what that may be is already already skyrocketing, with rumors suggesting it may very well be an inventory on a significant trade like Binance or Coinbase.
Even crypto knowledgeable ClayBro, a YouTuber with over 133k subscribers, believes that Catslap may develop into probably the most viral meme coin of 2025. He says it has 100x potential.
Whether or not or not you agree, the venture is massively well-liked and thus has sturdy potential to explode through the subsequent huge bull run.
Go to SLAP.
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