Is It Too Late To Buy HACHI? Hachiko Price Goes Ballistic With A 1,114% Surge And This Might Be The Next Crypto To Explode
The Hachiko price skyrocketed 1,114% in the last 24 hours to trade at $0.002216 as of 00:42 a.m. EST on trading volume that surged 304% to $4.2 million.
Can the Hachiko token, a decentralized cryptocurrency based on the story of Hachiko, a famous Japanese dog, gain traction and soar even higher?
Hachiko Price On A Strong Upward Trend
The chart clearly shows a strong upward trend. This is evidenced by the price rising sharply in recent candles from $0.00017, supported by increasing volume, suggesting momentum is building in this move, according to data from GeckoTerminal .
HACHI now trades above the 50-day SMA, which suggests that the price of Hachiko is on a bullish trend and could still soar.
The Relative Strength Index (RSI) is at 72.76, which is above the standard overbought threshold of 70. This suggests the asset may be overbought in the short term, meaning a pullback or consolidation could be on the horizon. However, in strong uptrends, the RSI can remain overbought for extended periods as bullish momentum continues.
Moreover, the Moving Average Convergence Divergence (MACD) shows that the blue line is above the orange line, indicating a bullish crossover. This confirms that momentum is strong in the upward direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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