HMSTR Analysis (1D)HMSTR appears to be forming a diametric pattern, with wave F potentially completing in the red zone.
Wave F is a bullish wave, and the next wave, wave G, is a bearish wave.
To enter a position, create your own trading setup, meaning your entry and stop levels should be clearly defined.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
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HMSTRBTC
Hamster Kombat Token ($HMSTR) Defies Market Dip, Surging 10%In a surprising turn of events, Hamster Kombat Token ($HMSTR) surged 10% today despite the broader crypto market experiencing a significant downturn. Bitcoin ( CRYPTOCAP:BTC ) dipped to as low as $85K, while Ethereum ( CRYPTOCAP:ETH ) slumped to $2,400. However, $HMSTR seemed unaffected by the bearish sentiment, exhibiting a notable decoupling from the prevailing market trend.
The Correlation Between Bitcoin and $HMSTR
A peculiar pattern has emerged in recent days—each time Bitcoin experiences a dip, $HMSTR appears to surge. This inverse correlation raises intriguing questions: Is this a sign of traders shifting capital into different ecosystems in anticipation of the next bull run? Or is there an element of insider play fueling $HMSTR’s resilience?
Regardless of the underlying reasons, $HMSTR’s ability to hold its ground while the broader market faces sell-offs signals growing confidence in the project. Hamster Kombat, a play-to-earn (P2E) sensation, has been gaining traction, and its recent price movement suggests that investors are paying close attention to its potential.
Technical Outlook
From a technical perspective, $HMSTR is currently trading with an RSI of 50.69, indicating moderate momentum. While the 10% surge is impressive, it’s crucial to note that $HMSTR has yet to break free from the bearish zone. The token is still hovering around its 1-month low support level, making its next move critical for traders.
The key resistance to watch is the 38.2% Fibonacci retracement level. A strong push above this threshold could pave the way for a more bullish breakout, potentially attracting new buyers and increasing trading volume. Conversely, failure to sustain momentum could lead to a retest of lower support levels.
Why Is $HMSTR Holding Strong?
Fundamentally, the rising popularity of Hamster Kombat as a P2E project may be a key driver behind $HMSTR’s performance. The gaming sector within crypto has witnessed substantial growth, with investors increasingly exploring tokens linked to engaging, community-driven projects.
Additionally, trader sentiment appears to favor assets that show resilience amid market volatility. The fact that $HMSTR remains steady while Bitcoin and Ethereum decline suggests that some traders are diversifying into alternative assets that show independent price action.
Final Thoughts: A Shift in Market Dynamics?
The broader crypto market is currently navigating through turbulent waters, but $HMSTR’s recent performance hints at a possible shift in trader behavior. If the trend of inverse correlation with Bitcoin continues, we may see more capital flowing into Hamster Kombat and similar ecosystems.
Ready for the next HMSTR bullish wave?Just enter the position on the spot
A lot of time correction has been made and a powerful movement has been created. This movement has returned a small amount of the bullish wave.
It is not seen in the roof of the powerful and efficient bass that there are many orders
In the yellow circle, we have an inter change zone that has not been engulfed and the buyers' stronghold has been preserved.
By maintaining the green range, it can move towards the PRZ range.
Closing a 4-hour candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
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Will HMSTR Pump More Than 1300%?Note: This analysis is not a recommendation to buy
Hamster was traded on GATE.IO exchange before being listed on large and small exchanges, and during 55 days in this exchange, its trading volume was more than 250M$.
Then on the day of listing in all exchanges, suddenly HMSTR closes at $0.063057 and opens at $0.00638 and a big gap is created on the chart.
As we know, GATE exchange is important for us because the appropriate volumes are exchanged in this exchange.
Now that HMSTR is at 0.004185 the market cap is $269M. If this gap is filled, the market cap should reach $2.69B, which is not far from expected for this symbol with more than 100 million users, because HMSTR is one of the biggest cryptocurrency airdrops.
Now on the HMSTR chart, it has broken its trigger line and is moving up strongly
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The HMSTR drop will continueThe white boxes correspond to the bases of higher time frames, based on fractal movements, when a base is lost, the TP is equal to the size of the same lost box.
Now we have two nested bases that are about to be lost and the targets are given accordingly.
The best range to sell is the red range.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
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