Bitcoin’s post-Halving slump has left Solana meme coin traders in the blues, and in a reflection of sentiment, a new depressed rodent token named Sad Hamster has seen HAMMY price explode overnight.
This article will provide an analysis of HAMMY’s current price trends and look to see whether an alternative play, DOGEVERSE, represents a more compelling investment opportunity at this time.
Sad Hamster is a viral meme that has gained impressive traction in the Solana meme coin market.
I tried to tell you at 400K
I’m telling you again here at 10m $Hammy is the single most viral meme in 2024
All you need to realise this is ask any normie if they recognise the hamster, do it right now. pic.twitter.com/72Zcy4kRtr
— trap (@itrapwell) May 2, 2024
Retail investors have classified HAMMY as a ‘Cat Token’, and curiously some keen analysts note the added meme value potential in the emerging skyrocket – which teases the idea of the first $1Bn market cap cat-coin being… well, a hamster.
As price action sustains a technical rally structure, Sad Hamster is currently trading at a market price of $0.02 (representing a 24-hour change of +475%).
Sad Hamster token exploded out of capitulative rock-bottom trading at 11 AM UTC on May 2, in a steady-gaining rally that has posted an alluring rally structure.
So far, HAMMY Price has climbed +1,432%, establishing a new all-time high at $0.03.
Now in minor localized retracement, Sad Hamster is attempting to build support for further upside moves above lower support at $0.015.
With HAMMY price in a strong upwards trading channel, it seems that this rally could risk stalling here, especially with a glance at the order book – which reveals declining momentum amid 36% buy pressure in transactions over the last 6
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