Hamster Kombat ($HMSTR) has seen a 6.24% increase in the last 24 hours, reaching around $0.00497. This rise came after a 24% decline in trading volume to around $108 million. However, the market is facing some volatility, with technical forecasts suggesting a possible bullish reversal if the price can break above the resistance level at $0.0058. If this happens, the price is expected to reach higher levels such as $0.0070.
Technicals suggest a “rounding bottom” pattern is forming, which reinforces the possibility of a bullish move if the bullish momentum continues. However, the key support level at $0.0048 remains crucial, as a break of it could lead to a pullback.
On the other hand, investors remain cautious due to the 14% decline in the currency in the past seven days, reflecting the current instability in the market.