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The Hachiko price skyrocketed 1,114% in the last 24 hours to trade at $0.002216 as of 00:42 a.m. EST on trading volume that surged 304% to $4.2 million.
Can the Hachiko token, a decentralized cryptocurrency based on the story of Hachiko, a famous Japanese dog, gain traction and soar even higher?
Hachiko Price On A Strong Upward Trend
The chart clearly shows a strong upward trend. This is evidenced by the price rising sharply in recent candles from $0.00017, supported by increasing volume, suggesting momentum is building in this move, according to data from GeckoTerminal.
HACHI now trades above the 50-day SMA, which suggests that the price of Hachiko is on a bullish trend and could still soar.
The Relative Strength Index (RSI) is at 72.76, which is above the standard overbought threshold of 70. This suggests the asset may be overbought in the short term, meaning a pullback or consolidation could be on the horizon. However, in strong uptrends, the RSI can remain overbought for extended periods as bullish momentum continues.
Moreover, the Moving Average Convergence Divergence (MACD) shows that the blue line is above the orange line, indicating a bullish crossover. This confirms that momentum is strong in the upward direction.
Hachiko Price Prediction
According to HACHI/USD price analysis on the 1-hour timeframe, the chart indicates a bullish trend in the short term. The strong upward movement, supported by rising volume and a bullish MACD crossover, signals that the momentum is in favor of further price appreciation.
If this momentum continues, the Hachiko price could soar even higher, as the bulls target $0.0031.
However, the high RSI suggests caution as the asset is entering overbought territory, and a short-term pullback or consolidation could happen soon. In such a scenario, the Hachiko price could plunge back to the $0.00118 support zone.
Given it may already be too late to buy HACHI, investors looking for the next crypto to explode might consider Pepe Unchained ($PEPU), probably the most successful presale of the year after raising $20.4 million.
Jacob Crypto Bury, a crypto analyst with over 43K YouTube subscribers, says PEPU has the potential to 10X after launch.
Pepe Unchained Hurtles Past $20 Million – Next Crypto To Explode?
Pepe Unchained is designed to be a new, upgraded version of the the original Pepe (PEPE) token, and that’s why it comes with its own Layer 2 blockchain.
As its name suggests, Pepe Unchained aims to free the OG PEPE from the limitations of its old, clunky, Layer 1 Ethereum blockchain.
The Pepe Unchained project is developing an entire ecosystem and to help that endeavor it has just launched the “Pepe Frens With Benefits Collective,” a grant program to encourage blockchain developers to build on Pepe Unchained’s L2 to promote ecosystem diversity and adoption.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
The platform offers 109% in annual rewards to investors who stake their PEPU tokens.
PEPU tokens cost $0.0106 each and can be bought with ETH, USDT, or a credit card. Buy now before a price hike in a little more than a day to secure the best deal.
To join the presale, visit the official website here.
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