Hamster Kombat is a game on the Telegram messaging app based on the Toncoin blockchain. The project’s native token, HMSTR, will be launched on the open market on Sept. 26, 2024, with an airdrop of 100 billion tokens.

The platform already claims to have 300 million players, a YouTube channel with 36 million subscribers, and 55 million members on its Telegram group.

The Gate.io exchange said that, based on the value of IOUs, HMSTR would be worth $0.0568 on Sept. 16, 2024.

Let’s now look at some HMSTR price predictions made on Sept. 16, 2024. We will also talk a little about what Hamster Kombat is and what Hamster Kombat does.
Hamster Kombat Price Prediction

HMSTR price prediction for the next 24 hours hinges on a continued decline at the rate determined by the channel.

If HMSTR follows a similar pattern, it will move toward the channel’s midline and its support trend line in the near future.

The channel’s midline is currently at $0.078, while the support trend line is at $0.023.

HMSTR Price Analysis
The four-hour HMSTR chart shows a decline inside a descending parallel channel that has been ongoing since August.

So far, both the channel’s resistance and support trend lines have been validated numerous times, most recently on Sept. 13 (white icon).

Despite the bounce, HMSTR still trades in the channel’s lower portion. This is a bearish sign that makes a channel breakout less likely.

Furthermore, the Relative Strength Index (RSI) and MACD indicator are both in bearish territory, more specifically below 50 and 0
Hamster Kombat Relative Strength Index (RSI): Is HMSTR Oversold or Undersold

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.

Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Sept. 16, 2024, the Hamster Kombat IOU RSI was at about 33, indicating bearish momentum heading close to the oversold region.
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