Hamster Kombat (HMSTR) Price Prediction: HMSTR Prepares for a Bullish Crossover Amidst the Market Bloodbath
- DDDOriginal
- 2024-10-03 21:36:15957browse
The crypto market is plunging! Global factors have been highly impacting the global traditional markets, as the stock markets as well as crypto are experiencing a major setback.
The crypto market is facing a downturn with global factors impacting traditional markets. Both stock and crypto markets are experiencing a setback. Bitcoin price is sharply declining and struggling to maintain the $61,000 levels.
The Hamster Kombat coin price, on the other hand, is trying to stay above the pivotal support levels. HMSTR price had a turbulent start in its trading journey, with a steep decline from the pre-launch price of around $0.1 to the current levels of about $0.004668.
The price has been continuously dropping since its launch and is expected to continue this trend until it reaches a bottom around $0.004 or even lower. However, the possibility of a bullish rebound is still present, as technical indicators suggest a neutral market.
The hourly chart of HMSTR price shows the token stuck in a strong descending trend. The latest selling pressure could extend the bearish momentum for some time. The token has been repeatedly attempting to break above the resistance zone around $0.005, but the bulls seem hesitant to push prices above this level.
Meanwhile, the stochastic RSI is setting up for a bullish crossover, which could indicate a potential short-term rise. To achieve this, the Hamster Kombat coin price must overcome the resistance zone around $0.005, which would confirm a strong bullish move.
However, the overall market dynamics suggest that a bullish flip is unlikely in the immediate term. Therefore, the HMSTR price might continue to decline, forming bottoms below $0.004 soon.
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