Hamster Kombat (HMSTR) recently launched a gaming-focused layer-2 on the TON blockchain, attracting attention in the Web3 gaming space.

Despite being down 38% in the last 30 days, HMSTR has shown signs of recovery, gaining over 10% in the past week. Technical indicators suggest that while momentum is building, the trend’s strength remains uncertain, making the upcoming days crucial for HMSTR’s price direction.

HMSTR ADX Shows the Current Trend Isn’t That Strong

HMSTR’s ADX is currently at 21.5, after reaching 28.4 two days ago and dropping to 18.8 yesterday. ADX, or Average Directional Index, measures the strength of a trend but not its direction.

It ranges from 0 to 100, with values below 20 indicating a weak trend and above 25 suggesting a strong trend. Currently, HMSTR’s ADX at 21.5 shows that the trend is gaining some strength, but it is still in a relatively weak zone.

The recent increase from 18.8 to 21.5 indicates that momentum is building, supporting the possibility of an emerging uptrend, after Hamster Kombat launched its Layer-2 Blockchain on TON. However, for this uptrend to gain more confidence, ADX would need to rise above 25, confirming stronger trend strength.

If ADX continues to increase, it could indicate that the buying momentum is solidifying. Conversely, if it fails to break above 25 and starts declining again, the uptrend might lose momentum.

HMSTR CMF Is Now Positive After Three Consecutive Days In Negative Levels

Hamster Kombat’s CMF is currently at 0.13, rising from -0.25 two days ago and peaking at 0.22 yesterday. CMF, or Chaikin Money Flow, measures buying and selling pressure by analyzing volume and price movement.

It ranges from -1 to 1, with positive values indicating buying pressure and negative values signaling selling pressure. Currently, HMSTR’s CMF at 0.13 suggests that buying momentum is present but has weakened compared to yesterday’s peak.

The positive CMF value indicates that buyers are still in control, supporting the possibility of continued price growth. However, the decrease from 0.22 to 0.13 shows that buying pressure is losing strength.

If CMF remains positive and starts to rise again, it could indicate renewed buying interest and further price gains for Hamster Kombat.

Conversely, if CMF continues to decline and turns negative, it would suggest that selling pressure is taking over, potentially leading to a price pullback.

Will Hamster Kombat Test $0.0028 Soon?

HMSTR’s EMA lines indicate that it is attempting to form a golden cross, where the short-term EMA would cross above the long-term EMA, signaling a bullish trend. However, this crossover hasn’t occurred yet, suggesting that the uptrend is still in its early stages.

If buying momentum continues to build, Hamster Kombat could rise to test levels around $0.0020, which are currently close to the long-term EMA lines (blue line). This level could serve as a first resistance. If that one is broken, the next one to be tested would be around $0.0023.

If this level is also broken, it could climb further to $0.0028, reaching its highest price since late January. This potential golden cross would confirm a bullish trend and support continued price growth.

Conversely, if momentum fades and the uptrend loses strength, HMSTR could face increased selling pressure. In this case, it could test the support at $0.00158. If this support level fails, the price could drop to $0.00145.

For the bullish scenario to materialize, the short-term EMA would need to cross above the long-term EMA, confirming the golden cross. Until then, the price remains vulnerable to downside risk if bearish sentiment prevails.

XRP’s recent price movements have followed a pattern that crypto analyst Javon Marks believes signals the potential for a strong continuation rally. Sharing his analysis on the social media platform X, Marks pointed to a “hidden bullish divergence” on XRP’s daily candlestick chart. Despite the ongoing price crash, the presence of this bullish divergence opens up new bullish targets for the XRP price.

XRP’s Price Crash Worsens, But Hidden Bullish Divergence Suggests Next Move

XRP’s price action has faced consistent downward pressure over the past week, with the decline intensifying in the past 24 hours. At the time of writing, XRP has dropped by approximately 13% in the past 24 hours and is on the verge of retesting a crucial support level at $2.

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However, an interesting analysis shows that this decline is part of a hidden bull divergence pattern, where both the price and the RSI indicators are creating a series of highs and lows on the 1-day candlestick timeframe. This interesting pattern is characterized by higher lows and higher highs on the XRP price chart, while there’s a series of lower lows and lower highs on the RSI indicator. This divergent formation between the cryptocurrency’s price and the RSI is known to be bullish. Particularly, it suggests the selling pressure shown by the RSI could be slowing down.

Javon Marks emphasized that XRP is preparing for a “massive continuation wave up” and that the necessary technical confirmations for such a move are already in place. This assertion builds upon his earlier February 18 analysis, where he described the hidden bullish divergence as forming in a “textbook fashion.

Crash To Reverse Soon? Price Targets To Watch

According to Javon Mark’s projection, an upside move would see the XRP price eventually creating a higher high, as expected from the bullish divergence pattern. In terms of a specific price target, Mark’s projection shows that the next peak could reach at least $3.80. If realized, this would push XRP beyond its current all-time high of $3.40. 

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However, this outlook hinges on the XRP price holding above the bullish divergence support at $2. Any sustained breakdown below this threshold could challenge the strength of the projected rally and alter the bullish outlook.

Adding to this perspective, Marks also noted the similarity between XRP’s consolidation in the past few weeks since it reached $3.36 and that of a consolidation after a strong rally in the first half of 2017 after a strong rally. 

Although the current consolidation phase has lasted longer than the one observed back then, both formations share key structural similarities. The 2017 consolidation ultimately led to a continuation rally that pushed the XRP price to new highs. If history repeats itself, the present consolidation could also be a precursor to another significant leg up.

At the time of writing, XRP is trading at $2.15, down by 13.2% and 15.9% in the past 24 hours and seven days, respectively, and is now in danger of losing the $2.0 support soon.

Featured image from Adobe Stock, chart from Tradingview.com

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By the end of the 30 stages, the token price will have increased by 311.4%. As such, this is the opportune time for investors to jump onto this profitable bandwagon.

A plunge below $90k pushes Bitcoin price to the oversold territory 

After hitting a fresh all-time high about a month ago, Bitcoin price has plunged below the crucial support zone of $89,000 for the first time since mid-November 2024. At the time of writing, it was trading at $86,750 after extending losses from the past two sessions.

While the bulls remain optimistic that the crypto major will reach $200,000 later in the year, low trading activity will likely yield further losses in the near term. 

A look at its daily chart shows Bitcoin price trading below the 25 and 50-day EMAs. Notably, these two MAs have formed a bearish death cross pattern; pointing to further losses in the immediate term. Besides, the RSI of 27 places the crypto in the oversold territory with the indicator facing downwards. 

Based on the technicals, the range between $85,073 and $89,811 will be worth watching. Even with further correction, it will likely face resistance at $91,524 amid insufficient bullish momentum. On the flip side, the lower support zone of $81,468 may be an apt level to place a stop loss.   

Bitcoin Pepe stands tall amid Bybit-related jitters

As the Bybit and Infini hacks yield a sell-off in the broader crypto market, Bitcoin Pepe has maintained its upward momentum. Its positioning, timing, and infrastructure have made it particularly attractive among meme coin lovers. 

To start with, it has entered the market during the tenure of pro-crypto US president. This environment, coupled with its approach of building “Solana on Bitcoin” has more investors rushing to amass some BPEP tokens while they are still affordable. 

Besides, its layer 2 solution, which promises to make Bitcoin network a playfield for meme coins, is Bitcoin’s missing puzzle. It merges the speedy transactions of Solana with Bitcoin’s security and the ultra-popular meme culture. 

As at the time of writing, it had raised over $3.4 million. Ahead of its listing in Q2’25, the project has the potential to have its value surge multiple folds. Hurry up and buy Bitcoin Pepe here.

Ethereum price finds new footing in the thick of the crypto selloff 

Jitters emanating from the Bybit hack have fueled the latest crypto selloff. Similar to other crypto majors, Ethereum price has plunged below previously stable support levels. More specifically, it broke the support at $2,500, which has been steady since early November 2024.

At an RSI of 35, it is close to the oversold territory. Besides, it continues to trade below the short-term 25-day EMA as seen on its daily chart.

In the immediate term, Ethereum price will likely find support at Tuesday’s intraday low of $2,317 while it finds some resistance at $2,565. A further rebound may curb its gains along the 25-day EMA at $2,765.