Bitcoin’s Impact on Altcoin Trading: $HMSTR & $DOGS Breakout Potential

Bitcoin is hovering around the $96K mark, and as usual, I’m looking at altcoins. Notcoin ($NOT) just had a nice little breakout, and I’m wondering if there are some other TON Ecosystem coins ready to pop. Specifically, I’ve got my eye on Hamster Kombat ($HMSTR) and Dogs ($DOGS). They’re both sitting at interesting technical levels.

External Factors and Technical Analysis

Before diving into the charts, it’s worth noting that external factors play a huge role in altcoin season. Historically, we tend to see more action in altcoins during the second half of the year. This is often compounded by liquidity injections from China that create favorable conditions for higher-risk assets.

As for Bitcoin itself, its price movements can dictate the entire crypto market. When BTC rallies or dips, altcoins usually follow suit—sometimes with even more volatility. So understanding Bitcoin’s behavior is crucial if you want to navigate this space effectively.

The Charts: $HMSTR and $DOGS

Now let’s get into the nitty-gritty of technical analysis.

Hamster Kombat ($HMSTR)

$HMSTR is currently trading at about $0.0039. It’s forming a falling wedge pattern—a bullish setup—so there’s potential here. If it breaks above $0.0041, we could see a run-up to about $0.0050, which would be roughly a 20% gain from current levels.

Dogs ($DOGS)

On the other hand, Dogs ($DOGS) is showing a different pattern: a descending triangle formation. Right now it’s testing the upper boundary of this triangle at around $0.00073. A breakout here could lead to an increase up to approximately $0.0008291—a potential 13% gain from where it stands now at about $0.0006907.

Summary: Are We Ready for Altcoin Season?

So there you have it: two TON Ecosystem coins that are technically poised for breakouts given Bitcoin’s current conditions and external factors lining up nicely.

Will they break out? Who knows? But if history has taught me anything about cryptocurrency trading it’s that being prepared can sometimes make all the difference.

Just remember to manage your risk!