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Cryptocurrency News Articles
Hamster Kombat Price Bearish, Aims For A Bullish Trend Reversal
Sep 30, 2024 at 04:14 pm
The Hamster Kombat price action shows a downward channel pattern, which typically suggests a bearish trend. Moreover, the price of Hamster Kombat is moving
The Hamster Kombat (HMSTR) price is down 6% in the last 24 hours, trading at $0.005856 by 00:40 a.m. EST. This comes as trading volume surged 77% to $338 million.
The HMSTR price action shows a downward channel pattern, typically indicating a bearish trend. Additionally, the Hamster Kombat price is moving within a falling wedge pattern, creating lower highs and lows, suggesting a further downward move.
According to data from GeckoTerminal, HMSTR now trades below the 50-day Simple Moving Average (SMA), indicating a bearish short-term trend as the price attempts to break above the SMA at $0.006121.
The RSI is at 50.40, indicating a neutral zone (neither overbought nor oversold). This suggests that the price could move in either direction, pending further momentum. Notably, the RSI has recovered from the oversold region around 40, hinting at a potential trend reversal or consolidation phase.
If the bearish sentiments continue, the Hamster Kombat price could keep dropping, with the next support zone around $0.0055.
Meanwhile, the MACD is showing some bullish prospects for the Hamster Kombat price, with the token surging from the $0.0054 support towards the upper boundary of the wedge. The green bars on the histogram also suggest 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.
In other news, YouTuber Jacob Bury, with over 42K subscribers, highlights an alternative token, Sponge V2 (SPONGE V2), that has the potential to surge 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.
Yeah #Bitcoin is cool.But $SPONGE is cooler. 🧽💦 pic.twitter.com/175bQlioxD
— $SPONGE (@spongeoneth) August 9, 2024
Sponge V2’s roadmap includes upcoming exchange listings that could bolster its price.
There's also an opportunity for traders to earn passive income with their tokens. They can buy and stake $SPONGE V2 tokens, earning an 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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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