Release: 2024/10/06 18:25 Reading: 376
Hamster Kombat Price Drops After Bearish Trend
In the past week, the Hamster Kombat (HMSTR) price plummeted 26%, decreasing 1% in the last 24 hours. As of 9:06 p.m. EST, it trades at $0.004724 with a surge in trading volume by 68% to $148.5 million.
Bearish Indicators for Hamster Kombat
From September 27, Hamster Kombat's price chart shows a significant bearish move from above $0.007500 to its current level, signifying intense selling pressure.
After the sharp decline, the price has consolidated between $0.005336 and $0.004500, indicating a potential accumulation phase where buyers and sellers balance. However, the price remains below both the 50-day and 200-day Simple Moving Averages (SMAs), reinforcing the bearish trend.
The Relative Strength Index (RSI) is at 45, suggesting a neutral territory with a slight bearish bias. The recent uptick from 30 to 45 indicates temporary support but lacks strong bullish momentum.
Resistance and Support Levels
On the 1-hour timeframe, the $0.005028 level serves as a critical resistance level, which the price has failed to突破. A breakout above this resistance indicates a potential bullish reversal, with the next target set at $0.005336 (200-day SMA).
However, a breakdown below $0.004500 may lead to further declines, with $0.0043 acting as the next support level.
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