HahaYes (RIZO) 1,167% Jump – Should You Buy or Wait?

Recently, HahaYes (RIZO) saw a huge 830% surge in just 20 hours. After that, the price pulled back 61% within 12 hours. With a market cap of just $27 million, this level of volatility is expected. But after such a massive jump, is this the right time to buy or should you wait? 

What’s Behind RIZO’s Wild Moves?

RIZO’s rise is part of a larger trend in meme coins on the Solana network. Transaction volumes have been increasing steadily since September, showing that more people are getting involved. 

Bitcoin’s recent breakout also boosted the overall market, adding more confidence for investors. Just like the gold rush, traders are hoping to strike it big with small-cap coins like RIZO.

Should You Buy or Wait for a Better Entry?

Looking at the 1-hour chart, RIZO shows a bearish market structure, meaning downward pressure is building. The Awesome Oscillator confirms this, showing that momentum is shifting. But this is likely just a short-term dip.

Fibonacci retracement levels point to $0.171 as a key support level. If the price hits this area again, it might be a good chance to buy. While RIZO has shown strong price movement, further gains might not come as quickly or as dramatically.

Patience could be the best strategy if you're planning to buy. The market is volatile, and waiting for stability might lead to a better entry point. Keep an eye on the price action and be ready to act if the trend turns.