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The Hawk Tuah price plummeted 18% in the last 24 hours to trade at $0.005181 as of 02:50 a.m. EST on trading volume that plunged to $23 million.
This comes after the meme coin experienced a 91% drop after its launch amid insider trading allegations. Haliey Welch, the creator of the viral “Hawk Tuah” phrase, announced the coin’s release on her X account, with traders jumping in.
Hawk is live!!!
HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA
— Haliey Welch (@HalieyWelchX) December 4, 2024
HAWK dropped from a $500 million market cap to $60 million in around 20 minutes after launch. One trader on X reported losing $43K.
i really lost $43k apeing in “hawk tuah” coin pic.twitter.com/9j4frI37p8
— lynk (@lynk0x) December 5, 2024
Hawk Tuah Aiming For A Bullish Trend Reversal
According to Hawk Tuah price analysis on the 15-minute chart, HAWK initially rallied after its launch but underwent a prolonged correction following a market dump, according to GeckoTerminal.
The RSI value is at 40.27, which is below the neutral 50 level but trending upwards from oversold conditions.
The breakout above the descending wedge suggests a potential short-term bullish reversal. If the price is sustained above the wedge, it could retest the resistance zone between $0.0053-$0.0054.
However, if volume does not increase significantly, the price may fail to hold the breakout, leading to sideways movement or another dip. If the price continues to drop, the next support zone could be around $0.0010.
Meanwhile, investors looking to recoup losses are rushing to buy the newly launched meme coin Catslap (SLAP), which aims to dethrone the top cat-themed token Popcat.
According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could surge 50X.
Catslap Skyrockets Ahead Of Its MEXC Listing Tomorrow
Catslap’s price is up 7,200% since it launched 14 days ago, and there is plenty more upside ahead, given the project’s value-added benefits for token holders. Over the past seven days, the SLAP price has gone up 265%. The Catslap token was priced at $0.007381 at the time of writing, but could undergo a surge soon following the team’s major announcement that the meme coin has scored a listing on MEXC.
MEXC is the 10th biggest centralized exchange in terms of trading volume. SLAP’s listing on the platform could therefore give the meme coin’s visibility a major boost, which could lead to a surge in the token’s price.
New $SLAP ATH & Gary Gensler is stepping down. Send it to the moon 😻 pic.twitter.com/PzaPD8fdn7
— Catslap (@CatSlapToken) November 21, 2024
Designed to capture the attention of meme enthusiasts and gamers alike, CatSlap combines addictive gameplay with crypto innovation through its interactive “Slapometer” feature.
This gamified click-to-slap experience has already begun fostering competition and engagement across its growing community of almost 13.27K holders.
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— Catslap (@CatSlapToken) November 21, 2024
Its “Hot Token” status on Best Wallet, a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and momentum.
Additionally, you can also earn passively with the project’s staking mechanism, which offers a 40% annual percentage yield (APY).
You can purchase SLAP Token from its official website here.
Related News:
- Investors Outraged At Hawk Tuah Meme Coin Launch
- SKI Soars To New All-Time High After 1,038% Weekly Gain
- Render Price Surges 24% And This Might Be The Next Crypto To Explode
Catslap (SLAP) - New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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