Like CHILLGUY, HUZZ saw a wild rally on the 20th of November amid wild social traction on TikTok and X (formerly Twitter).
Both tokens fronted a 100X (+10,000%) rally, with HUZZ rallying from $0.0001 to $0.03.
On the price charts, the OBV dropped and moved sideways, suggesting the demand and buying pressure fizzled after the 100X run.
Although the Stochastic RSI showed signs of price reversal, the lukewarm OBV could complicate matters for late bulls.
If the reversal gains momentum, $0.0140 and $0.0183 could be key upside targets in the short term.
However, an extended weakening could drag the memecoin to $0.0001. HUZZ’s massive profit-taking after a 100X was similar to the Peanut the Squirrel [PNUT] scenario, which struggled to hold
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