Hawk Tuah Price Prediction: HAWK Plummets 18% As Traders Shift Focus To This Cat-Themed Meme Coin Rival For Exponential Gains

The Hawk Tuah price plummeted 18% in the last 24 hours to trade at $0.005181 as of 02:50 p.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 dropped from a $500 million market cap to $60 million in around 20 minutes after launch. One trader on X reported losing $43K.

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, as reported by 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 to $0.0053-$0.0054.

Hawk Tuah Price Chart Analysis Source: GeckoTerminal
HAWKUSD Chart Analysis Source: GeckoTerminal

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 like Popcat.

According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could surge another 50X.

Catslap Skyrockets On Debut Amid Coinbase Listing Rumors

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%.

Catslap token was priced at $0.007381 at the time of writing, with only 24 hours to go before the project announces the name of the first centralized exchange to list $SLAP. 

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 2,000.

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. Buy before what the team says will be a major announcement in just 2 hours.

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

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