Hamster Kombat (HMSTR) Price Prediction: HMSTR/USDT Chart Analysis
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.
The Hamster Kombat price continued to decline on Friday, adding to its losses from earlier in the week. HMSTR/USDT was down by around 1% in the past 24 hours, and the token’s price now trades at $0.004724.
Hamster Kombat Aims For A Breakout
From the left side of the HMSTR/USDT chart, the price now shows a strong bearish move from above $0.007500 to the current level around $0.004700. This indicates a 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.
Moreover, 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.
Meanwhile, investors are piling into the new meme coin casino project Memebet Casino (MEMEBET Token), which has amassed over $370K since its presale launched slightly over three weeks ago.
YouTube channel Cryptonews, with over 10k subscribers, predicts that $MEMEBET Token could see a 100x increase after launch.
Memebet Casino Amasses Over $370K In Presale
After its launch, Memebet Casino will be the first platform to allow players to wager using meme coins for everything from casino games, to slots, and sports betting.
The casino features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and other meme coins.
It’s a web and Telegram casino with no KYC requirements, enabling players to remain anonymous. It proudly states that it’s designed by degens for degens.
Not the casino we deserve but the casino we need ? #MemeBet #Presale & #Airdrop coming soon! ? #Memecoins, #Crypto gaming and more! ?? $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— Memebet (@Memebetcasino) May 23, 2024
Buy Memebet Token, Earn ”Massive Rewards”
The team behind the project says ”massive rewards” are up for grabs for the earliest degens to buy into MEMEBET Token.
It has set aside 400 million $MEMEBET Tokens for airdrops to holders who use $MEMEBET Tokens to wager on the platform. Early birds who take advantage of the Memebet Casino ecosystem will be rewarded in the first season of the airdrop.
Players who wager using $MEMEBET Token also earn additional rewards through the platform’s play-to-earn system.
To qualify for the airdrop, buy Memebet Tokens before the presale sells out.
You can buy $MEMEBET Token on the official website for $0.0256 using USDT, ETH, or a bank card. With a price hike in less than 24 hours, buy soon to lock in the best deal.
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