The Hawk Tuah Price Pumps 13%, But Experts Say This PEPE Derivative Might Be The Best Meme Coin To Buy Now

The Hawk Tuah price has surged 13% in the last 24 hours to trade at $0.007108 as of 7:10 a.m. EST, while its trading volume dropped 73% to $2 million.

According to the token’s website, Hawk Tuah went viral following a street interview video featuring “the now infamous ‘Hawk Tuah Girl,'” a woman whose candid responses have captivated the internet.

Hawk Tuah Price Technicals Indicate A Rebound

HAWKTUAHUSD Analysis (Source: Dextools.io)

Technical indicators indicate that the price is beginning to consolidate after a dip fall. If traders see the current level as a buying opportunity, the price could start rallying again.

The Relative Strength Index (RSI) has stabilized in the high 30s. An RSI value below 50 typically indicates that an asset is oversold, suggesting that Hawk Tuah’s upside potential may now be greater than its downside risk.

However, the RSI remains above the oversold zone near the 50 midline level. If the price breaks above the support zone, it could force the RSI to surge into the 70 overbought zone.

The MACD nears the neutral level, with the average line crossing the orange signal line. The histogram bars are also positive, slightly above the neutral level, indicating that the bullish momentum could surge anytime.

Hawk Tuah Price Faces Critical Support Level: Bullish Breakout Ahead?

The Hawk Tuah price has shown a series of lower lows and lower highs on the 1-hour chart, forming a bearish price channel. This downward pressure has brought the token to a key support level at $0.004484.

A break below this support could lead to a further decline, potentially lowering the price to $0.000535 in the short term.

Conversely, if Hawk Tuah maintains a price above $0.004484 support, it could invalidate the bearish outlook. In this case, the bulls could push the price upwards and rally towards the resistance level at $0.02392. 

With sufficient buying pressure, it could climb as high as $0.027639 in the coming days. However, the price must first break out of the current bearish channel on its charts.

The Next 100X Alternative To Buy Now?

As the Hawk Tuah price finds its next direction, investors are turning to this new meme coin presale: Pepe Unchained (PEPU), which raised over $150,000 within minutes of its launch and has now surpassed $680,000. 

We did it! $500K raised! 🎉

This milestone marks just the beginning. Big things are coming for Pepe's own blockchain! 🐸🧠 pic.twitter.com/ZylbjL2Kjq

— Pepe Unchained (@pepe_unchained) June 24, 2024

Unlike its predecessor, Pepe (PEPE), Pepe Unchained operates on its own proprietary Ethereum Layer 2 blockchain, designed to overcome the scalability, speed, and efficiency challenges that meme coins on the Ethereum Layer-1 blockchain typically face.in.

As a Layer-2 (L2) blockchain meme coin, Pepe Unchained allows investors to seize market opportunities more efficiently. You can now earn a 3075% annual percentage yield (APY) when you stake your tokens.

Exciting news! Pepe's blockchain is incubating! 🐸✨

Stay tuned for groundbreaking developments and join Pepe's transformation 🧬 pic.twitter.com/ramYFpUKvD

— Pepe Unchained (@pepe_unchained) June 25, 2024

The YouTube channel 99Bitcoins has named PEPU one of the best cryptos to buy now, predicting it could soar 100X after its launch.

Now is the perfect time to secure the best deal. You can currently purchase $PEPU tokens on the official website at $0.0080641 each. But Hurry, as the price is set to hike in less than three days. 

Buy Pepe Unchained using ETH, USDT or a bank card.

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