The post Hamster Kombat (HMSTR) Gains Momentum with TON Layer-2 appeared on BitcoinEthereumNews.com.

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. HMSTR ADX. Source: TradingView. 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…

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Filed under: News - @ February 26, 2025 1:27 am