Release: 2024/10/18 16:39 Reading: 312
Hachiko Price Soars, Still Room for Growth
The price of Hachiko (HACHI) has skyrocketed by 1,114% in the past 24 hours, reaching $0.002216 at 00:42 a.m. EST, as trading volume surged by 304% to $4.2 million.
Bullish Indicators Support Upward Momentum
Technical analysis indicates a strong upward trend for Hachiko. The price has risen sharply from $0.00017 in recent trading periods, accompanied by increasing volume, suggesting positive momentum.
Overbought Territory
The Relative Strength Index (RSI) has reached 72.76, exceeding the overbought threshold of 70. This may indicate short-term overbuying, potentially leading to a pullback or consolidation. However, in strong uptrends, the RSI can stay elevated for extended periods.
Bullish Crossover
The Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating increasing momentum in the upward direction.
Hachi Price Prediction
Based on technical analysis, Hachiko's price could continue to rise in the short term. If momentum persists, it may target $0.0031.
However, the overbought RSI suggests caution, as the asset may enter a correction phase soon. If this happens, Hachiko's price could drop to the $0.00118 support level.
Alternative Investment Option
For investors seeking high-growth potential, Pepe Unchained ($PEPU) may be a viable option. Pepe Unchained is designed to be an upgraded version of the original Pepe (PEPE) token, with its own Layer 2 blockchain.
Crypto analyst Jacob Crypto Bury believes PEPU has the potential to 10X after its launch. It offers 109% annual rewards for staking and is currently available for purchase at $0.0106 each. The presale is ending soon, so interested investors should visit the official website.
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