Hello, Binancers! 👋 The chart of $HMSTR is giving us interesting signals that we cannot ignore. Here I share my current view:
📉 The trend:
We have been in a prolonged correction since the highs. Currently, the price is struggling to maintain itself in the area of 0.0002456. We are operating below the 20-period EMA, which tells us that the "bears" still have control of the market.
⚡ The key indicator (RSI):
Look here: the RSI is at 32.59 points. We are entering the oversold zone. Historically, when the RSI drops below 30, a technical rebound usually follows. Will this be the opportunity that many are waiting for to average?
📊 Levels to watch:
Critical Support: 0.0001860 (If we lose this level, we could see new lows).
Resistance to break: 0.0004400 (We need to break the EMA to dream of a real recovery).
My opinion:
Volume remains high (over 2 trillion tokens in 24h), demonstrating that the community is still active. However, selling pressure remains strong. For 'holders', patience is key; for 'traders', rebounds in the RSI could provide quick entries.
👇 What do you think? Do you believe Hamster Kombat will shine again in the TON ecosystem, or has its best moment passed? I read you in the comments! 🚀
#HMSTR #BinanceSquare #CryptoAnalysis #Trading #HamsterKombat
