Notcoin (NOT), Dogecoin (DOGE), and Happy Cat (HAPPY) Are the Hot Trending Altcoins Today: CoinGecko

Driven by recent developments, price movements, and surges in trading volume, this article examines why these coins are taking center stage and what's fueling the excitement behind each one.

As the cryptocurrency market capitalization crossed the $3 trillion threshold, several altcoins have managed to capture investors’ attention with their impressive price movements and trading activity.

Here's a closer look at three hot trending altcoins today, according to CoinGecko:

Notcoin (NOT)

Telegram's native cryptocurrency, Notcoin (NOT), is first on the list of hot trending altcoins today. NOT is trending today as a result of a significant price increase. The altcoin's value notably declined over the past few months and even showed signs of hitting a new all-time low.

However

However, the price has now increased by 30% in the past seven days, reaching $0.076. This major resurgence puts NOT back in the spotlight, with the token being mentioned widely on several social media platforms.

On a technical note, NOT's price rallied after breaking out of the falling wedge on the daily chart. The increase was also driven by a surge in buying pressure on the spot market. For those unfamiliar, a falling wedge is a bullish chart pattern that forms when the price consolidates between two downward-sloping, converging trendlines.

As you can see below, Notcoin's breakout occurred after a bullish engulfing candle emerged out of the wedge. While the altcoin seems to be facing resistance at $0.0082, the support at $0.0076 is likely to prevent another drawdown.

If that happens, Notcoin's price could climb toward $0.010. In a highly bullish scenario, it might rise to $0.013. However, if bulls fail to defend the price, it could decrease to $0.0056.

Dogecoin (DOGE)

Dogecoin's (DOGE) position among the top trending altcoins will likely come as no surprise to avid market followers. Over the past 24 hours, DOGE's price surged by a 41% to reach $0.40, pushing its market capitalization above $60 billion.

Moreover, this recent rally marks Dogecoin's highest price since May 2021. Earlier in the month, Dogecoin's price was at $0.15. But with a 169% surge in the past seven days, the Bull Bear Power (BBP) suggests that the cryptocurrency may continue to rise.

This is because the BBP, which measures the strength of bulls against bears, shows that the former are in control. If this continues, DOGE's price could rally past $0.45.

On the other hand, if the altcoin becomes overbought and profit-taking increases, it might pull back. In that scenario, DOGE could slide to $0.35.

Happy Cat (HAPPY)

Last on the list today is Happy Cat (HAPPY), a meme coin built on Solana. Similar to other altcoins, HAPPY is trending today due to its performance, which saw its price increase by 147% in the past 24 hours.

This price decrease could be linked to the trending narrative around Cat-themed meme coins. However, the 1-hour chart shows that HAPPY's price has decreased to $0.027. This decline is largely due to selling pressure from holders who have profited from the altcoin's performance.

Should this continue, then HAPPY's price could drop to $0.018. On the other hand, if buying pressure rises, this could change, and the altcoin could rally as high as $0.043.

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