Jumping back into the trend, the Hawk Tuah (HAWKTUAH) meme coin is up 220% in the last 24 hours, teasing the possibility of a surge to higher levels.

Rising back into the top 1,500 altcoins, the HAWKTUAH meme coin now boasts a market cap of $2.380 million and a 24H trading volume of $3.370 million amid a near 30,000% increase. Moreover, the Hawk Tuah token has surged by more than 200% in the last 24 hours, revealing a new surge in demand.

Will this bullish trend revival sustain a long-term momentum to reach the heights of top meme coins like PEPE or BRETT?

A New All-Time High for HAWK Refreshes Bull Run

Trading at $0.002355, the HAWKTUAH price shows a sudden surge in the daily chart with a rounding bottom pattern. Surpassing the initial price of $0.002263, the 1H chart reveals a new morning star pattern arising in the ongoing recovery phase.

HAWK Price Chart

In the shorter timeframe, HAWKTUAH trend action shows a minor rounding bottom pattern with a neckline at $0.0028. However, the recent 9.61% fall in the last hour forms a bearish candle as it reverses from the neckline.

Hawk Tuah Price Chart

With the minor rejection, Hawk Tuah teases the possibility of a cup and handle pattern with the same neckline at $0.0028. Notably, the cup and handle is a bullish continuation pattern typically seen in upward trends during a minor consolidation. Thus, the price action teases a breakout rally in the coming days.

Will Hawk Tuah Hit $0.0050 With A Breakout Rally?

The demand resurging in the meme coin teases a trend continuation ahead. With a breakout rally, HAWKTUAH is likely to hit the psychological mark of $0.0050.

Currently, the meme coin trades at a discount of 31% from its all-time high at $0.003196. Further, the Volume to Market cap ratio of 145.54% reveals a massive demand surge and teases a bullish trend ahead.