Release: 2024/12/20 19:04 Reading: 838
Hawk Tuah Price Rebounds on Support Levelamidst Controversy
The Hawk Tuah price has climbed 6% in the last 24 hours to trade at $0.0007998 as of 3:15 a.m. EST, with a 7% jump in trading volume to $216k.
This rise comes despite the mysterious disappearance from the public eye of Hailey Welch, known for her viral "Hawk Tuah" catchphrase. Welch's last podcast episode aired on December 3, and she has since remained silent across all platforms.
Speculation and Lawsuit
Welch's sudden absence has fueled interest in anything associated with her brand, driving up demand for Hawk Tuah tokens.
Investors have filed a lawsuit against parties linked to the Hawk Tuah cryptocurrency meme coin, "$HAWK," following a sharp drop in its value. The lawsuit alleges unlawful promotion and sale of the coin without proper registration.
Technical Analysis
The HAWK/USD pair on the 1-hour chart is trading near $0.0007721, reflecting a slight decline of 2.34%. The chart shows a downtrend with both the 50-period and 200-period moving averages above the current price.
A potential support zone has been identified at approximately $0.0007600, with buyers potentially stepping in to defend this area. The chart also hints at a possible bullish reversal.
The MACD indicator suggests weakening bearish momentum, while the RSI is near oversold territory. A break above the 50-period moving average at $0.0008811 would validate a recovery.
Wall Street Pepe Presale Surges
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