Why does HMSTR keep falling in price after listing on the exchange?
đAirdrop Sell-Off: Over 60 billion tokens were distributed to 131 million users, resulting in an immediate sell-off and a 30% price drop.
đAirdrop distribution issue: A large amount of airdrops are allocated to influential people, leading to dissatisfaction and distrust in the transparency of the team.
đMarket speculation: Initial price expectations were based on a supply of 10 billion tokens, but the actual supply was much higher, disappointing.
đUncertain lockup period: The sudden lockup of 11% of tokens caused more sell-offs as users lost interest in holding tokens.
Price prediction:
đč Support level: The immediate support level is at $0.0060. If this level is broken, we could see the price drop to $0.0050.
đč Resistance: Resistance is at $0.0073, which marks the upper boundary of the current trading range.
Market Cap Outlook: Hamster Kombatâs market cap is currently $437 million, significantly lower than the market initially predicted. Sentiment remains bearish following the post-TGE sell-off unless we see a significant shift in market sentiment.
Price is very active, pay attention to liquidity zones at important levels, they can help you reduce risk.
