As a seasoned analyst with over two decades of market experience under my belt, I have witnessed countless bull runs and corrections, and the Hamster Kombat price action is no exception. While the current downtrend might seem daunting to some, it’s essential to remember that every correction in the market presents an opportunity for a potential reversal.
Toward the end of October, the cryptocurrency market is experiencing increased selling, causing Bitcoin‘s price to approach a drop below $65,000. This bearish trend has impacted many significant altcoins, such as Hamster Kombat, which suffered an intraday loss of 12% and currently trades at $0.06. Despite this, with the upcoming Season 2 release, there’s potential for a major price recovery in Hamster Kombat, possibly reaching $0.1.
Can Hamster Kombat Price Hit $0.1 After Season 2 Launch?
Hamster Combat is preparing for a thrilling update in the upcoming Season 2. The popular Telegram game is planning to change direction, as players will now take on the role of CEOs within video game development companies.
In the first season, players took on the role of managing a digital currency exchange. However, the upcoming season introduces advanced goals such as recruiting staff, creating popular games, and eventually establishing a thriving gaming empire.
Original gamers can take delight in the fact that clicker features will persist within the game mechanics. Additionally, the creators aim to incorporate a payment method, token redemptions, and Non-Fungible Token (NFT) items as in-game prizes.
2024 sees the release of season two towards the end of October. This update promises enhanced elements to heighten interaction with the HMSTR token, potentially causing a surge in the Hamster Kombat’s value, aiming at a $0.1 price increase.
HMSTR Coin Breaks Support Line: Is a Major Correction Ahead?
Over the past three weeks, the HMSTR coin’s value has been gradually decreasing as it forms a falling wedge pattern. This pattern suggests that the downward pressure may be weakening, potentially leading to an upward breakthrough of the resistance line above.
Despite a recent market downturn, the Hamster Kombat price has shown a bearish breakout from its lower support trendline. If this trend continues, it could lead to a drop in the asset’s value by approximately $0.003.
A convergence of downward trends on the 4-hour Exponential Moving Averages (EMAs) with periods of 20, 50, and 100 might aid sellers in sustaining a lengthy downtrend.
Instead of seeing an increase in price, the Hamster Kombat shows long-tailed “rejection candles” at $0.33, suggesting that buyers are actively defending the bottom support level. If this bullish energy continues, it may cause the asset to return to its wedge pattern. However, a significant breakout above the trendline will be essential to confirm a change in trend direction.
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2024-10-24 06:37