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The Hamster Kombat price plunged 5% in the last 24 hours to trade at $0.005445 as of 11:33 p.m. EST as investors continue to offload their holdings on the market.
With the recent drop, the HMSTR price is now in the red by more than 44% on the weekly time frame. It is also over 45% down from its all-time high of $0.01004.
The Hamster Kombat Price At The Mercy Of A Negative Trend Line
1-hour chart for HMSTR/USD (Source: TradingView)
The Hamster Kombat price is being pushed down by a descending trend line, and has been unable to break above this barrier despite several attempts in the last few hours. HMSTR now finds itself resting on the critical support level at $0.005404.
A dip below $0.005404 in the coming 24 hours could kickstart a price discovery phase towards the downside for the altcoin. On the other hand, the Hamster Kombat price maintaining a position above this crucial point could bring a temporary end to HMSTR’s decline.
In a more bullish case, traders might end up identifying HMSTR’s current price levels as a buy opportunity. This could lead to a retest of the aforementioned negative trend line. Overcoming this obstacle could then give bulls the opportunity to take control of the Hamster Kombat price for the first time since its launch.
With enough potential buy volume, HMSTR might flip the $0.005721 mark into support. This could subsequently give the crypto the space needed to climb to the next major point at $0.006030 in the short term.
Bulls Might Attempt To Push The Hamster Kombat Price Up Again
From a technical perspective, indicators on HMSTR’s 1-hour chart suggest that the altcoin’s negative trend might be nearing its end. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
RSI readings have started to rise slightly in the last couple of hours, indicating an increase in buying power. However, sellers still have the advantage, given the indicator’s current value in the low 30s. Nevertheless, the low RSI readings could be seen as a buy opportunity since they suggest that HMSTR’s upside potential is greater than its downside potential.
Looking at the MACD indicators, the MACD Histogram has started to level off. This indicates that the MACD line is no longer breaking away below the MACD Signal line, which suggests that HMSTR’s short-term bearish trend is losing steam. Bullish traders might capitalize on this slowing momentum to push the Hamster Kombat price higher in the next 24 hours.
While the Hamster Kombat price tries to break above the negative trend line that has emerged on its charts, investors are rushing to buy a new meme coin by the name of Crypto All-Stars (STARS) for supercharged staking rewards.
Growing Investors’ Meme Coin Bags After The Initial Hype Fades
Meme coins have been one of the best performing subsets of crypto this year, with many of these tokens printing exponential gains for early investors. However, their lack of utility means that after the initial hype fades, there is little growth potential for these cryptos. This is where Crypto All-Stars (STARS) will come in.
Through its innovative staking platform, Crypto All-Stars will give meme coin lovers an opportunity to stake their tokens on one single platform and earn rewards in STARS.
Tokens including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are already supported on the platform. More options will be added in the coming weeks.
All meme coins staked on the Crypto All-Stars platform will generate passive rewards that are paid out in STARS, the project’s native token. The rewards don’t stop there, however, because STARS can also be staked for a stratospheric Annual Percentage Yield (APY) of 796%.
This essentially gives investors the opportunity to grow their meme coin bags through compounded staking rewards.
Popular YouTuber ClayBro said in a recent video to his 130K subscribers that Crypto All-Stars could unlock “ridiculously high gains” for meme coin lovers.
Investors Rush To Purchase STARS At Presale Prices
Crypto All-Stars has raised over $1.8 million through its ongoing ICO already, as investors anticipate great things in the altcoin’s near-term future. A whale also recently purchased $50K worth of the crypto.
There is still time for investors to buy STARS before more whales join the project’s ecosystem. Selling for $0.001471, STARS is one of the few presale tokens that can be bought using meme coins.
Available payment options include ETH,USDT, BNB, FLOKI, SHIB, PEPE, DOGE and bank cards. Once purchased, the tokens can then be staked for the 796% APY.
Buy quickly for the best deal because a price hike is coming in less than 2 hours.
Purchase and stake STARS here for up to 796% in annual rewards.
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