#MarketSentimentToday
The two of the most popular crypto projects DOGS & Hamster Kombat introduced two new meme coins into the market built on $TON blockchain with huge potential.
Over the past two weeks, DOGS and HMSTR have shown almost identical price movements on their 1-hour candle charts, closely following one another's price action. Both coins have mirrored each other's fluctuations, likely driven by shared market sentiment and trends within their respective communities. This synchronized price movement may be due to overlapping investor interests or similar levels of market liquidity.
As of October 5, 2024, the $HMSTR price is $0.004725, showing a 1.69% decline in the past 24 hours, but market indicators indicate potential recovery, with the price nearing critical support levels around $0.0045.
Similarly, $DOGS has also experienced slight fluctuations, with a current price of $0.000672, showing a 0.55% decline in the past 24 hours while technical indicators indicate key resistance at $0.000713 and support zone at $0.000636 to watch closely.
In this time frame, traders are advised to monitor any divergence between the two, which could offer potential trading opportunities. Despite recent minor losses, both coins could see reversals depending on broader market conditions.
#mememcoinseason2024 #MiddleEastTensions #Market_Update #BinanceLaunchpoolHMSTR