In this article we will look at short-term movements and assume further prospects of the popular token, let's get started!
Current data:
Current price: $0.006041
24-hour trading volume: $160,142,352
Daily price change: -7.36%
Market Cap: $388,864,368
Coins in circulation: 64,375,000,000 HMSTR
Max Stock: 100,000,000,000 HMSTR
Technical analysis:
Current indicators on the chart:
The price is testing the lower boundary of the Bollinger Bands, which indicates high volatility and a possible bottom of the current price movement.
The MFI indicator is at 52.59, indicating balanced capital flows. This reading may indicate a neutral market sentiment with a possible move to a bullish move.
Over the past few hours, it can be seen that the price is in a downward trend with signs of local consolidation.
Key factors:
The price of the #Hamster Kombat token has fallen by 7.36% over the past 24 hours, which may be due to high volatility in the cryptocurrency market.
Despite the price drop, trading volume remains high ($160 million), indicating active interest in the token and the possibility of significant movements in the near future.
With a total market cap of $388 million and a ranking of 147, this token is one of the notable ones in the market, although its high volatility requires caution.
Forecast:
Nearest support: Price around $0.0059 (according to the lower border of Bollinger Bands).
Resistance: The $0.0062 area, which the price has already tried to test during the last trading sessions.
A short-term rally is possible if the $0.0062 resistance level is broken. However, the current downtrend and recent drawdown require caution.
