Hamster Kombat Price Prediction: HMSTR Woes Continue With Another 4% Drop As Experts Say This New Casino Token Might Explode
The Hamster Kombat price plunged another 4% in the last 24 hours to trade at $0.004599 as of 00:29 p.m. EST on trading volume that jumped 2% to $184 million.
The HMSTR price has now plunged more than 52% since it launched a little over a week ago.
Hamster Kombat Price Still Bearish – A Possible Reversal?
The Hamster Kombat price is moving within a descending channel, defined by two parallel trendlines. This indicates a short-term bearish trend, where price action makes lower highs and lower lows, from the $0.0050 resistance, according to data from GeckoTerminal.
The 50-day Simple Moving Average (SMA) above the current price, indicating that the short-term trend is bearish. The price has been below the 50-day SMA for some time, reinforcing the downtrend.
Moreover, the Relative Strength Index (RSI) is at 44.41, slightly below the neutral 50 level, which suggests weak momentum and a slight bearish bias.
However, it is not in oversold territory (below 30), so there might still be room for further downside before the price becomes oversold. The recent bounce in RSI suggests some consolidation or attempt at stabilization, but it’s not signaling a strong reversal yet.
According to the HMSTR/USD analysis, the price of Hamster Kombat is on a sustained bearish trend, which the bears may sustain. If this trend continues, the HMSTR price may plunge even further to the next target at $0.0040.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin could hit $100K ‘within weeks:’ Galaxy
Bitcoin hitting $100,000 is expected by the end of the year, but might happen before the holidays
There’s a $450 billion behemoth forging BTC’s path to $100k
The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold
Dynamic Music Data NFTs are redefining artist-fan relationships: Here’s how
How to figure out if an AI crypto project is worth investing in