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The Hank price soared 17% in the past 24 hours to trade for $0.001250 as of 00:05 a.m. EST on trading volume that dropped 20%.
It is all part of a recovery resolve among HANK bulls after the Hank price slipped below the confines of a bullish technical formation.
Don’t fade @HankTheDogSol low MC, High Volume up 50% in one day 😏 $HANK pic.twitter.com/5k8QPodDBo
— Hunter Biden’s Laptop (@locklanbond) June 11, 2024
The surge is likely attributed to the expectation of a possible listing on a top centralized exchange, although the actual platform remains unknown.
$HANK Army prepare for a massive storm that is coming. Lots of great things are coming for #HANK next week! Be very excited! You will see a massive marketing campaign like you have rarely seen. New Top Cex Listings are also coming as well as more great surprises!🫱🏻🫲🏽🚀🔥 $SOL #SOL pic.twitter.com/9cPG8r6CIt
— Hank The Dog (@HankTheDogSol) June 5, 2024
Nevertheless, the drop in trading volume suggests fewer market participants are actively buying and selling the asset despite the increased demand.
Hank is a meme-inspired cryptocurrency that draws inspiration from the frog-themed Pepe. It leverages a playful brand identity to achieve a loyal community.
Hank Price Prediction
The Hank price has managed four successive higher lows since June 9. Growing bullish momentum reinforces this, including the Relative Strength Index (RSI), which is deviating north as it defends against further downside below the mean level of 50.
If the bulls are able to hold the RSI above the 50 mean level, the recovery could be sustained, potentially restoring the Hank price into the governing pattern. A decisive candlestick close above $0.001540 would invigorate the uptrend. In a highly bullish case, the gains could extend for the Hank price, enough to reclaim the $0.001957.
A flip of the aforementioned level back into support would set the tone for the Hank price to reclaim the $0.002461 peak of the May 27 trading session.
GeckoTerminal: HANK/USD 1-day chart
On the other side, a rejection from the lower trendline of the ascending channel could see the Hank price drop. A candlestick closing below the $0.000865 support level would invalidate the bullish thesis.
As the Hank price remains in murky waters, investors might want to consider Base Dawgz (DAWGZ), a new Base meme coin that has just blasted past $1 million in funds raised. Crypto YouTuber Clay Bro says it could create millionaires.
Promising Alternative To HANK
DAWGZ is the native cryptocurrency for the Base Dawgz ecosystem, which appeals to investors’ adventurous spirits by featuring an image of a base-jumping Shiba Inu.
The project also features characters such as Wojak and other doge-based memes, all strapped with base-jumping gear and soaring through the skies after jumping off a plane.
Base Dawgz lives primarily on Base but is a multi-chain meme coin that can be stored and extracted through other blockchains. The multi-chain functionality is made possible by the Wormhole message-passing protocol and the Portal Bridge blockchain bridging system.
Base Dawgz has also implemented a unique competition-based crypto airdrop model. Presale investors accumulate points by posting on Base Dawgz’s social media accounts. Users with the highest points win the most airdrop tokens.
To participate in the presale you can buy DAWGZ for only $0.00502 before a price hike in less than six days.
Buy DAWGZ tokens on the official website here.
Also Read:
- How to Buy Base Dawgz Token – $DAWGZ Presale Review
- Base Dawgz Price Prediction – DAWGZ Price Potential in 2024
- Best Base Chain Meme Coins To Buy – 2024 Guide
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- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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