Hamster Kombat Price Prediction: HMSTR Plunges 43% On Market Debut As This Meme Coin Casino Token Rockets Past $300K
The Hamster Kombat price plunged 43% in the last 24 hours to trade at $0.006911 as of 00:43 a.m. EST on trading volume that skyrocketed 7,278% to $1 billion.
This comes after the token debuted on Sept. 26 on major crypto exchanges after the highly-anticipated Season 1 airdrop of the HMSTR token took place at 12 p.m. UTC on the same day.
The project distributed 60 billion HMSTR tokens to 131 million qualifying players, representing 60% of the altcoins supply.
Hamster Kombat Price Set For A Rebound
The Hamster Kombat price has been on a sustained bearish trend, trading within the falling wedge pattern, after what was called the biggest ever airdrop in the cryptocurrency space.
However, the bulls seem to have found support around $0.006147, which helped the bulls push the token towards the upper boundary of the wedge, according to data from GeckoTerminal .
HMSTR price now trades slightly above the 50-day SMA, an indication that the asset may be picking some bullish prospects from this level.
The Relative Strength Index (RSI) has been trading below the oversold region, confirming the bearish pressure. However, the RSI trading below the 30-oversold region is also a signal that the asset is currently undervalued, which may be a buying signal.
If the bulls stage a buying campaign at this level, the price of Hamster Kombat could soar above the wedge, as they target $0.010.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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