NewsletterWill Hamster Kombat Price Surpass $0.1 Amid Season 2 Launch?
Highlights
- Hamster Kombat Season 2 launch could drive the price to $0.1 as new gameplay features increase user engagement.
- A bearish breakdown from falling wedge patterns could accelerate the selling pressure for an extended downfall.
- The 20-day EMA slope could act as dynamic resistance against potential recovery.
The cryptocurrency market is witnessing renewed buying pressure in the last week of October as Bitcoin price surges back above $67,000. The previous bearish momentum struck most major altcoins, including the telegram-hit game Hamster Kombat, registering a 12% intraweek loss to trade at $0.00337. However, with the upcoming season 2, the Hamster Kombat price holds an opportunity for a major reversal to $0.1
Can Hamster Kombat Price Hit $0.1 After Season 2 Launch?
Hamster Kombat is gearing up for an exciting overhaul in its highly anticipated Season 2. The viral telegram game is set to shift its focus, with players now stepping into the shoes of CEOs of game development studios.
In Season 1, gamers managed a cryptocurrency exchange, but the new season will bring more complex objectives like hiring employees, developing hit games, and ultimately building a successful gaming platform.
The game’s OG players will be happy to know that clicker elements will continue to be part of the gameplay. Moreover, the developers plan to implement a payment system, token buybacks, and NFT-based assets for in-game rewards.
Season two is set to launch at the end of October 2024. The new features will boost user engagement with the HMSTR coin and drive the Hamster Kombat price for a $0.1 rally.
HMSTR Coin Consolidates: Is a Major Correction Ahead?
In the last three weeks, the HMSTR coin has shown a steady downtrend amid a falling wedge pattern formation. Generally, the chart setup indicates diminishing bearish momentum and offers a bullish breakout from the overhead trendline.
However, with a recent market pullback, the Hamster Kombat price gave a bearish breakdown from the bottom support trendline. If sustained, the breakdown below pushes the asset for a $0.003 breakdown.
A bearish confluence between the 4-hour exponential moving average (20, 50, and 100) could assist sellers in driving a prolonged correction trend.
On the contrary, the Hamster Kombat price shows long tail rejection candles at $0.0033, projecting the buyers are defending the bottom support. This renewed bullish momentum could push the asset back to the wedge pattern but a potential breakout from the overhead trendline is crucial to signal trend reversal.
Frequently Asked Questions (FAQs)
1. Will Hamster Kombat's price surpass $0.1 after Season 2's launch?
2. What technical patterns are affecting Hamster Kombat's price?
3. What features are being introduced in Season 2 of Hamster Kombat?
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