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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.
If the Hamster Kombat price can break out of the descending channel with an increase in volume, it could signal a potential trend reversal. Watch for a break above the 50 MA for a bullish signal.
If the bulls succeed on staging a bullish trend reversal, the price of Hamster Kombat could soar to the next target at $0.0050.
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Memebet Casino Raises Over $362K In Presale
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To join the presale, you can buy $MEMEBET Token on the official website for $0.0256 using USDT, ETH, or a bank card. With a price hike coming in about three days, don’t wait too long to lock in the best deal.
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