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HomeCrypto NewsAnalysisHawk Tuah Meme Coin's 220% Jump Teases Bull Run Ahead

Hawk Tuah Meme Coin’s 220% Jump Teases Bull Run Ahead

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Jumping back into the trend, the Hawk Tuah (HAWKTUAH) meme coin is up 220% in the last 24 hours, teasing the possibility of a surge to higher levels. 

Rising back into the top 1,500 altcoins, the HAWKTUAH meme coin now boasts a market cap of $2.380 million and a 24H trading volume of $3.370 million amid a near 30,000% increase. Moreover, the Hawk Tuah token has surged by more than 200% in the last 24 hours, revealing a new surge in demand.

Will this bullish trend revival sustain a long-term momentum to reach the heights of top meme coins like PEPE or BRETT?

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A New All-Time High for HAWK Refreshes Bull Run

Trading at $0.002355, the HAWKTUAH price shows a sudden surge in the daily chart with a rounding bottom pattern. Surpassing the initial price of $0.002263, the 1H chart reveals a new morning star pattern arising in the ongoing recovery phase. 

HAWK Price Chart
HAWK Price Chart

In the shorter timeframe, HAWKTUAH trend action shows a minor rounding bottom pattern with a neckline at $0.0028. However, the recent 9.61% fall in the last hour forms a bearish candle as it reverses from the neckline. 

HAWK Price Chart
Hawk Tuah Price Chart

With the minor rejection, Hawk Tuah teases the possibility of a cup and handle pattern with the same neckline at $0.0028. Notably, the cup and handle is a bullish continuation pattern typically seen in upward trends during a minor consolidation. Thus, the price action teases a breakout rally in the coming days. 

Will Hawk Tuah Hit $0.0050 With A Breakout Rally?

The demand resurging in the meme coin teases a trend continuation ahead. With a breakout rally, HAWKTUAH is likely to hit the psychological mark of $0.0050.

Currently, the meme coin trades at a discount of 31% from its all-time high at $0.003196. Further, the Volume to Market cap ratio of 145.54% reveals a massive demand surge and teases a bullish trend ahead. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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