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

Hawk Tuah Price Surges 13% Amidst Trading Volume Drop

The Hawk Tuah price has witnessed a significant 13% increase in the past 24 hours, reaching $0.007108 as of 7:10 a.m. EST. Despite this surge, its trading volume has experienced a 73% decline, dropping to $2 million.

According to the token's website, Hawk Tuah gained widespread attention after a street interview featuring "the now-infamous 'Hawk Tuah Girl.'"

Hawk Tuah Price Technicals Indicate Potential Rebound

Technical indicators suggest that the Hawk Tuah price is consolidating after a brief dip. Traders may perceive the current level as a buying opportunity, leading to a potential price rally.

Both the relative strength index (RSI) and the moving average convergence divergence (MACD) are showing signs of a potential bullish trend. The RSI has stabilized in the high 30s, indicating that Hawk Tuah could be oversold and have upside potential. Meanwhile, the MACD is nearing the neutral level, with positive histogram bars.

Critical Support Level Determines Bullish Outlook

On the 1-hour chart, the Hawk Tuah price has established a series of lower lows and lower highs, forming a bearish channel. The token has reached a key support level at $0.004484.

A break below this support could lead to a further decline, while holding above it could invalidate the bearish trend. If the bulls succeed in pushing the price above the resistance level at $0.02392, Hawk Tuah could potentially climb as high as $0.027639 in the coming days.

Potential Alternative Investment

As the Hawk Tuah price navigates its next direction, investors may consider alternative meme coin projects such as Pepe Unchained (PEPU). PEPU has raised over $680,000 in its presale and is touted as a potential "100X" investment.

Unlike its predecessor, Pepe (PEPE), PEPU operates on its own Ethereum Layer 2 blockchain, addressing scalability and efficiency challenges. The YouTube channel 99Bitcoins has recommended PEPU as one of the top cryptos to buy now. Currently, PEPU tokens are available for purchase on its official website at $0.0080641 each.

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