Bulls Might Attempt To Push The Hamster Kombat Price Up Again
From a technical perspective, indicators on $HMSTR 1-hour chart suggest that the altcoin’s negative trend might be nearing its end. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
RSI readings have started to rise slightly in the last couple of hours, indicating an increase in buying power. However, sellers still have the advantage, given the indicator’s current value in the low 30s. Nevertheless, the low RSI readings could be seen as a buy opportunity since they suggest that HMSTR’s upside potential is greater than its downside potential.
Looking at the MACD indicators, the MACD Histogram has started to level off. This indicates that the MACD line is no longer breaking away below the MACD Signal line, which suggests that HMSTR’s short-term bearish trend is losing steam. Bullish traders might capitalize on this slowing momentum to push the Hamster Kombat price higher in the next 24 hours.
While the $HMSTR price tries to break above the negative trend line that has emerged on its charts, investors are rushing to buy a new meme coin by the name of Crypto All-Stars (STARS) for supercharged staking rewards.
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