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The Hawk Tuah worth plunged 46% within the final 24 hours to commerce at $0.002655 as of 02:40 a.m. EST on buying and selling quantity that plunged to $3.6 million.
This comes as Haliey Welch, also referred to as Hawk Tuah lady, continues to face a backlash following the launch of her $HAWK coin, which then sparked issues a few pump-and-dump scheme.
After its launch, HAWK rallied to a $490 million market capitalization, earlier than plunging 91%. Hawk creators had been, nonetheless, quick to defend their place, as they stated Haliey’s crew has not offered any tokens, and that her 10% allocation is locked for 1 yr and vested over 3 years.
There was a wild quantity of fud circulating, allow us to clarify:
The primary piece going round @X is the 96% cluster seen on @bubblemaps which reveals $HAWK tokens being despatched by the deployer deal with (xxxx), to the associated addresses, in keeping with the tokenomics that was printed.…
— overHere (@overHere_gg) December 5, 2024
Hawk Tuah Worth On A Sustained Bearish Development
The Hawk Tuah worth chart reveals a transparent sample of decrease highs and decrease lows, forming a falling wedge. That is indicated by the 2 converging trendlines, with the value steadily compressing inside this vary as per GeckoTerminal information.
In the meantime, the continued downtrend has pushed the value of Hawk Tuah to commerce under the 25-day Easy Transferring Common (SMA), which reinforces bearish sentiment.
The Relative Energy Index (RSI) is at the moment at 37.83, which is within the oversold territory however not at excessive ranges (<30). This implies bearish momentum is current, however the worth may quickly stabilize or try a reversal.
In response to the HAWK/USD chart evaluation on the 1-hour timeframe, the Hawk Tuah worth is at the moment on a bearish momentum. If the value breaks under the decrease trendline of the wedge (roughly $0.0025), it may see additional draw back. The subsequent potential help degree may very well be at $0.0022 or decrease.
Conversely, if the value breaks above the higher trendline (round $0.0030) with sturdy quantity, it may provoke a reversal and try to retest resistance ranges at $0.0035 or increased. A breakout above the 25-day SMA ($0.003144) would sign the start of a bullish shift.
Because the Hawk Tuah worth slumps, buyers searching for new alternatives would possibly wish to take into account a brand new meme coin ICO referred to as Flockerz (FLOCK), which provides a stratospheric annual proportion yield (APY) of 537%.
In response to ClayBro, a distinguished crypto analyst on YouTube with over 131K subscribers, FLOCK is poised to attain large beneficial properties after its launch.
Flockerz Presale Closes On $5 Million Milestone
The Flockerz presale continues to achieve momentum and has now surged previous $4.7 million in funds raised.
Flockerz is a community-controlled meme coin that has a singular Vote-to-Earn (V2E) incentive mechanism. Holders of FLOCK can earn further tokens by collaborating in key decision-making processes that form the venture’s future. All they should do is vote.
The underlying framework of Flockerz is anchored in a decentralized autonomous group (DAO) referred to as Flocktopia, the place each holder’s voice issues.
On this approach, FLOCK holders have a say in essential selections similar to protocol modifications, funds allocations, changes to tokenomics, grant approvals, funding methods, and so forth.
The flock is flying excessive! We’ve formally crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
Buyers concerned about becoming a member of the presale can go to the official Flockerz web site to purchase FLOCK tokens on the present worth of $0.0062494 per token utilizing BNB, ETH, USDT, or a financial institution card.
Purchase FLOCK earlier than a worth hike in lower than two days to safe one of the best deal.
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