Hamster Kombat Price Prediction: HMSTR Plunges 26% In A Week As Traders Turn To This ICO For Massive Airdrop Rewards

On Oct 6, 2024

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The Hamster Kombat price plummeted 26% in a week after falling 1% in the last 24 hours to trade at $0.004724 as of 9:06 p.m. EST on trading volume that skyrocketed 68% to $148.5 million.

Hamster Kombat Aims For A Breakout

From the left side of the chart of the Hamster Kombat price (around September 27), the price shows a strong bearish move from above $0.007500 to the current level around $0.004700. This indicates significant selling pressure.

After the sharp decline, the price appears to be consolidating between roughly $0.005336 and $0.004500. This suggests a possible accumulation phase where buyers and sellers are in balance, as the price forms a sideways pattern.

The price of Hamster Kombat now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the overall bearish stance.

Meanwhile, the Relative Strength Index (RSI) is currently at 45, which places it in neutral territory. Since it’s below 50 but not yet oversold, this suggests a slight bearish bias, but there is still room for the price to move in either direction.

The recent uptick from around 30 to 45 suggests that the market may be finding temporary support, though it’s not yet showing strong bullish momentum.

HMSTRUSDT Chart Analysis (Source: Tradingview)

Hamster Kombat Price Prediction

According to the HMSTR/USDT chart analysis on the 1-hour timeframe, the upper black line around $0.005028 acts as a key resistance level, and the price has failed to break above it recently. This is a critical level to watch if the price makes another attempt to move higher.

A breakout above this resistance could signal a reversal and the start of a bullish move. The price of Hamster Kombat could soar at this level, as the next target is set at the $0.005336 level (200-day SMA).

However, given that the RSI is neutral and the price is below the 50 SMA, the overall bias remains bearish unless the price breaks above the resistance. A breakdown below $0.004500 may lead to further declines, with $0.0043 acting as the next immediate support.

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