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The Sad Hamster price surged over 20% in the last 24 hours to trade at $0.02801 as of 5:00 a.m. EST as investors FOMO buy the meme coin.
The strong 24-hour performance by the HAMMY price was a continuation of the crypto’s positive weekly streak. As a result, the meme coin is in the green by more than 135% over the last 7 days.
Sad Hamster Price Challenging A Technical Barrier
4-hour chart for HAMMY/USD (Source: GeckoTerminal)
The Sad Hamster price is attempting to overcome the $0.02925 resistance level. A break above this barrier could clear room for the meme coin to climb to the subsequent mark at $0.03310 in the following 24 hours.
On the other hand, HAMMY failing to close a 4-hour candle above $0.02925 within the next 12 hours might prevent any bullish move from happening in the short term. Traders will likely book their profits in this alternative scenario, which could lead to a retest of the $0.02539 support level. Continued sell pressure might then lead to the Sad Hamster price plunging to $0.02135.
Technicals Warn The Sad Hamster Price Could Go Either Way
Technical indicators on HAMMY’s 4-hour chart are currently sending mixed signals. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are contradicting each other.
In the last few hours, the MACD line has been rising above the MACD Signal line to indicate that HAMMY is in a bullish cycle. What’s more, the growing gap between these two technical indicators suggests that the meme coin’s bullish momentum is intensifying.
Meanwhile, the RSI line is currently negatively sloped. Traders generally see this as a sign that buyers are exiting a crypto’s charts. In addition to the declining RSI line, the indicator’s latest reading in the mid 60s warns that HAMMY is overbought. This is often taken as a classic sell signal, because it indicates the crypto’s downside potential is greater than its upside potential.
Given the fact that these mixed technical signals are appearing as the Sad Hamster price approaches the $0.02925 threshold, traders and investors might want to brace for the possibility that HAMMY will be rejected by this major price point.
While bulls and bears battle it out on HAMMY’s charts, investors are flocking to meme coin rival Crypto All-Stars (STARS), which offers off-the-charts staking rewards.
Uniting The Booming Meme Coin Space Through An Innovative Staking Solution
Crypto All-Stars (STARS) will give meme coin fans a single platform to stake crypto elites for passive staking rewards.
Big name tokens including Dogecoin, Shiba Inu, Pepe, Brett, Floki, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk Coin can all be put to work on the innovative platform already.
More options will be added in the coming weeks, giving meme coin investors even more opportunities to grow their bags. All tokens locked up on the Crypto All-Stars platform will generate rewards that are paid out in the project’s native STARS token.
The rewards don’t stop there, however, as investors can also stake STARS for a huge 689% Annual Percentage Yield (APY). This essentially gives meme coin lovers a rare opportunity to earn compounded rewards while they wait for their favorite meme coins to repeat the success seen so far this year in the lighthearted subset of the crypto market.
Experts and analysts are bullish on STARS, with popular YouTuber ClayBro predicting great things for the new meme coin. In a video to his 130K subscribers, the influencer said that STARS could soar as much as 50X after launch.
Investors Hurry To Get In On STARS At ICO Prices
Crypto All-Stars has already raised over $2.1 million as investors take a bet on the project’s future. With the bullish prediction by ClayBro and the high staking rewards on offer, it’s easy to see why a frenzy has erupted around the crypto at this early stage. Even whales have been accumulating STARS through its ongoing presale.
Anyone that wants to acquire the token now and start earning the high staking rewards can do so by acquiring the token through the simple buy widget embedded on its website.
Selling for $0.0014947, STARS tokens can be bought with ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank cards.
Potential buyers will want to hurry, because the meme coin’s price is scheduled to increase with each new stage of its presale, with the next hike in less than 3 days.
Once purchased, the STARS tokens can then be locked up through the staking page for the 689% APY.
Purchase and stake STARS here for the 689% APY before its price increases.
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