- Huzz coin plummeted after rising 100x amid massive profit taking.
- Can HUZZ accelerate its recovery and reverse its recent losses?
TikTok meme coin We’ve seen massive market shifts, especially among top competitors like Just A Chill Guy (CHILLGUY) and Huzz coin (HUZZ).
On November 20, CHILLGUY ranked first with a market capitalization of $240 million, followed by HUZZ with $27 million. November 21st, CHILLGUY’s market size decreased slightly to $400M after tapping $500M.
However, HUZZ decreased significantly from $27 million to $4 million. This is an 85% drop in HUZZ in a matter of hours.
Source: MemeRadar
Herz Coin sells off after 100x rally
Like CHILLGUY, HUZZ also saw intense rallies on November 20 amidst social attention on TikTok and X (formerly Twitter).
Both tokens led a 100X (+10,000%) rally, with HUZZ rallying from $0.0001 to $0.03.
Source: HUZZUSD, TradingView
A few hours later, HUZZ coins erased all profits, an unsettling scenario for holders who did not liquidate their holdings early enough.
However, there are still 38,000 token holders, but the top 10 holders are controlled It accounts for almost 20% of the total supply. This means that top holders can have a huge impact on the price of the token, and it’s a good idea to track their actions if you plan on scooping up HUZZ.
Potential level of HUZZ coin
Source: HUZZUSD, TradingView
On the price chart, OBV is falling and moving sideways. This suggests that demand and buying pressure have weakened since the 100X run.
Stochastic RSI shows signs of a price reversal, but tepid OBV could complicate matters for late strength.
If the reversal gains momentum, $0.0140 and $0.0183 could become key upside targets in the near term.
However, extended weakness could push Memcoin down to $0.0001. HUZZ’s massive profiteering after 100X was similar to the Peanut the Squirrel (PNUT) scenario as it struggled to stay above $1.5 following the election rally.