Hamster Kombat Price Prediction: HMSTR Plunges 6% As Investors Pivot To This P2E Meme Coin Rival For 100X Potential

The Hamster Kombat price plunged 6% in the last 24 hours to trade at $0.005856 as of 00:40 a.m. EST despite trading volume surging 77% to $338 million.

Hamster Kombat Price Bearish, Aims For A Bullish Trend Reversal

The Hamster Kombat price action shows a downward channel pattern, which typically suggests a bearish trend. Moreover, the price of Hamster Kombat is moving between the falling wedge pattern, creating lower highs and lower lows, a clear signal of a downward movement.

HMSTR price now trades below the 50-day Simple Moving Average (SMA), which indicates that the short-term trend is bearish, as the price is struggling to break above the SMA at $0.006121, according to data from GeckoTerminal.

The RSI is at 50.40, which is in the neutral zone (neither overbought nor oversold). This indicates that the price is at an equilibrium point where it could go either way, depending on future momentum. It’s important to note that the RSI has recovered from the oversold region around the 40 mark, hinting at a potential reversal or consolidation phase.

If the bearish sentiments prevail, the price of Hamster Kombat could keep on dropping, with the next support zone slotted at around $0.0055.

Hamster Kombat Price Chart Analysis Source: GeckoTerminal.com
HMSTRUSD Chart Analysis Source: GeckoTerminal.com

Meanwhile, the MACD is currently showing some bullish prospects for the price of Hamster Kombat, with the token now soaring from the $0.0054 support towards the upper boundary of the wedge. The green bars on the histogram also show that HMSTR could be headed towards a bullish positive momentum.

If the market turns positive, the HMSTR price could soar towards a bullish trend over the wedge as the bulls target the next support zone at $0.0070.

Meanwhile, investors might consider as an alternative the Sponge V2 (SPONGE V2) token, which YouTuber Jacob Bury, with over 42K subscribers, says has the potential to soar 100X.

Last Chance To Buy Sponge V2 Before Exchange Listing

If you missed the 100x surge after Sponge V1 launched last year, you have a new opportunity with Sponge V2.

The team phased out Sponge in early February, with over 13,000 holders moving to the more secure and cost-efficient V2 on the Polygon Network. Sponge V2 is an upgraded version of its predecessor, promising more significant rewards and a robust ecosystem.

Sponge V2’s roadmap is filled with promising developments, including upcoming exchange listings that could help bolster its price.

Traders also have an opportunity to earn passive income through their tokens. They can buy and stake $SPONGE V2 tokens, earning an impressive annual percentage yield (APY) of 34% on the Polygon Network.

To join the presale, you can buy Sponge V2 tokens on the official website here. Link your digital wallet to swap your ETH or USDT for Sponge V2 tokens. You can also buy directly using your bank card.

Related News

  • Best Cryptocurrencies to Invest in Right Now September 29 – XRP, VeChain, BNB
  • Expert Predicts Explosive Potential for the First Multi Meme Coin Staking Presale – Crypto All-Stars
  • 10+ Best Coins to Buy on Uniswap in 2024

Comments

Post a Comment

Popular posts from this blog

Binance Australia raided by regulator just weeks after Europe HQ raid

Binance Australia’s offices have been raided by the nation’s finance regulator in an ongoing investigation into unlawful derivatives dealings — just weeks after the crypto exchange’s offices in France were raided as part of a money laundering probe. The Australian Securities and Investments Commission (ASIC) searched Binance locations on Tuesday, according to Bloomberg. The outlet cited anonymous sources familiar with the matter, who chose to keep their identities concealed. An ASIC spokesperson said it could neither confirm or deny the reports. Binance stated that it’s “fully cooperating” with local authorities. The news comes after Binance Australia had its derivatives license revoked in April. According to ASIC, it’s investigating the “extent of consumer harms” caused by the crypto exchange to local users. ASIC is probing allegations of Binance incorrectly classifying retail and wholesale investors in its derivatives business. Binance Australia ’s fiat on-ramp services we...
Read more

Toncoin (TON) Rallies 15% After Binance Listing: $10 Soon?

Image
The world’s largest crypto exchange by volume, Binance, has announced that it will begin spot trading for Toncoin (TON) from today. The development has led to a significant price rally for TON, which witnessed a 15% price bump following the news. The daily charts show that the asset is currently up by 8.4%. TON continues to glow red in the other time frames, falling 7.8% in the last week, 5.7% in the 14-day charts, and 14.2% over the previous month. Also Read: Toncoin (TON): The Telegram-Linked Crypto to Watch in 2024 Current Performance and Market Position Source: CoinGecko TON is currently the second-best performing cryptocurrency among the top 100 projects by market cap in the daily charts, following XRP. Recent Price Movements TON has displayed incredible performance this year. The asset was trading at around $2 in late February but has since risen to over $6. Based on the Telegram network, TON saw a significant price increase after integrating into the Telegram messaging plat...
Read more

copycat Stars Arena patches exploit on Friend.tech following a financial drain

Image
The Stars Arena has made a significant announcement, revealing that malevolent forces have been siphoning funds through a cunning loophole. However, the team has swiftly taken action, successfully patching the contract to avert any further harm. As per reports circulating on social media, the Stars Arena Web3 social media platform on the Avalanche network has fallen victim to a malicious attack. This unsettling incident was brought to light by a Stars Arena user, Lilitch.eth, on October 5, who took to X (formerly Twitter) to declare that over $1 million had been lost as a result. The Stars Arena team has unequivocally acknowledged this audacious attack, characterizing it as nothing short of a “war” waged against their platform. Surprisingly, they assert that the actual losses incurred amount to a mere $2,000, affirming that they have successfully plugged the exploit . Stars Arena, much like the popular Friend.tech, empowers users to acquire “shares” in the f...
Read more