Hamster Kombat Price Prediction: HMSTR Woes Continue With Another 4% Drop As Experts Say This New Casino Token Might Explode

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Insidebitcoin2024/10/04 11:38

coin_news.by:Insidebitcoin

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.

HMSTRUSD Chart Analysis Source: GeckoTerminal.com

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.

Meanwhile, investors are piling into the new meme coin casino project Memebet Casino (MEMEBET Token) , which has amassed over $362K since its presale launched slightly more than three weeks ago.

YouTube channel Cryptonews, with over 10k subscribers, predicts that $MEMEBET Token could see a 100x increase after launch.

Memebet Casino Raises Over $362K In Presale

Memebet Casino (MEMEBET Token) is a unique new project that allows meme coins such as Dogecoin, Shiba Inu and Pepe to be used for wagering in a casino for the first time.

Built by degens, for degens, Memebet Token provides a diverse selection of casino games, meme coin betting, and a global sportsbook, all integrated into Telegram for KYC-free gaming.

By purchasing MEMEBET Token, players can unlock massive airdrop giveaways, special degen rewards, and exclusive VIP benefits.

Players who wager using $MEMEBET Token earn additional rewards through the platform’s play-to-earn system .

The more you bet with MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.

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.