The Hamster Kombat price plunged 14% in the last 24 hours to trade at $0.004626 as of 5.15 a.m. EST on trading volume that dropped 2% to $155.1 million.
The project’s price has slumped 53% since since it launched last week despite its viral popularity as a crypto-based clicker game.
Last week, the project announced that it has distributed two-thirds of the airdrop between its players, and that it has over 30 million users who have started trading HMSTR.
Dear CEOs,
💥 Hamster family is truly an unstoppable force!
🚀 Over two-thirds of the airdrop have already been distributed between our players.
🪙 30+ million users have already started trading $HMSTR, with more joining every second.
🚧 Due to overwhelming demand, you might…
— Hamster Kombat (@hamster_kombat) September 26, 2024
It also that announced that Binance opened futures trading for HMSTR, trading with up to 75x leverage.
🐹 TAKE YOUR POSITION 🐹
🚀 @binance just opened futures trading for $HMSTR!
🔥 Trading with up to 75x leverage is available. Trade smart and follow your own risk policy!
😉 Where will the price go now?
— Hamster Kombat (@hamster_kombat) September 26, 2024
Hamster Kombat Price Prediction
As of the time of writing, Hamster Kombat is seeing another sharp bearish wave that has once again pushed its price down, forcing it to break a support level at $0.0047. This suggests that the project’s price will continue to spiral down, which is also seen through several technical indicators.
For example, the project’s Bollinger bands have seen a slight widening, but only because the price drop started pushing the lower band further down, even dropping beyond the borders of the bands. This is a strongly bearish indicator and not a good sign for the token’s performance or future.
Meanwhile, the project’s Relative Strength Index (RSI) value once again dropped to the oversold zone, less than 24 hours after leaving it. Yesterday, the RSI value was at 14.02, deep in the oversold area, when it suddenly started growing. Its growth took it to the neutral zone to the value of 58.30, suggesting that the traders were buying and that the token might finally see some recovery.
Its price did not respond to the RSI movement, instead trading sideways for about 12 hours during this growth. However, now, the RSI dropped again, suggesting that the holders are once again selling their HMSTR tokens, and the RSI plummeted to 30.54 – the border of the oversold zone.
For the time being, the token’s support at $0.0045 is still holding, although it is possible for this support to break as well in hours to come if the bearish pressure continues with equal, or even greater strength.
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