Hamster Kombat (HMSTR) has entered the world of Web3 gaming with its recent launch of a gaming-focused layer-2 on the TON blockchain. Despite a 38% dip in the last 30 days, HMSTR is showing signs of a comeback, with a 10% increase in the past week. The upcoming days are crucial for HMSTR's price trajectory, as technical indicators suggest a potential shift in momentum.
The ADX for HMSTR currently stands at 21.5, indicating a moderate trend strength that is gaining momentum. A rise above 25 would confirm a stronger trend. On the other hand, the CMF is at 0.13, showing buying pressure but with a slight weakening trend compared to the previous day. A positive CMF suggests potential price growth, while a decline could lead to a pullback.
HMSTR is eyeing a golden cross formation with its EMA lines, signaling a bullish trend if the short-term EMA surpasses the long-term EMA. Possible resistance levels include $0.0020 and $0.0023, with a breakthrough possibly leading to a climb to $0.0028, the highest price since late January.
It's a waiting game to see if HMSTR can maintain its positive momentum and break through resistance levels or if a slowdown could trigger a price retreat. Stay tuned for updates on Hamster Kombat's exciting price action in the coming days.