Hamster Kombat (HMSTR) Price Prediction: HMSTR Skyrocketed 119% in the Last 24 Hours, Will the Rally Continue?

The Hamster Kombat price skyrocketed 119% in the last 24 hours to trade at $0.005678 as of 8:32 p.m. EST on trading volume that surged 2,833% to $1.1 billion

The Hamster Kombat (HMSTR) price skyrocketed 119% in the last 24 hours to trade at $0.005678 as of 8:32 p.m. EST on Monday. The Hamster Kombat price also surged 200% in the last seven days.

The HMSTR price now trades in the top gainers list on CoinGecko, with massive gains despite the overall bearish crypto market trend.

The Hamster Kombat price surged on Monday after rising from a 24-hour low of $0.004678 to a high of $0.00598. The HMSTR price also surged last week, rising from a seven-day low of $0.00402 to a high of $0.0134.

The Hamster Kombat price is up 400% in the last 30 days, rising from a 30-day low of $0.003418 to a high of $0.0178. However, the HMSTR price is still down 96.3% from its all-time high of $0.154, which was set on May 11, 2023.

The Hamster Kombat price surged despite the overall bearish crypto market trend, with Bitcoin (BTC) and Ether (ETH) both trading in the red in the last 24 hours. However, both assets surged over 2% in the last seven days.

The crypto market Fear and Greed Index also rose to 24 on Monday from 21 last week, indicating "Extreme Fear" in the last seven days.

HMSTR Price Analysis: Key Points

The HMSTR/USDT chart on the 4-hour timeframe shows that the Hamster Kombat price has been in a downtrend within the falling wedge pattern. The price of Hamster Kombat has now broken out above the wedge and is on a parabolic rise.

The HMSTR price now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend, with these levels providing major support levels at $0.003418 and $0.002780.

The RSI is significantly overbought (above 70), currently at 89. This overbought level reflects strong bullish momentum but also signals the possibility of a pullback or consolidation due to overextension.

Furthermore, the Moving Average Convergence Divergence (MACD) line is above the signal line, indicating a bullish crossover. This alignment is a buy signal in technical analysis and suggests continued upward momentum.

The ADX level above 25 indicates a strong trend, and here it reads 40.01, confirming a strong uptrend. However, it does not indicate direction—only that the current trend is strong, which aligns with the upward price movement.

HMSTR/USDT Chart Analysis (Source: Tradingview)

Hamster Kombat (HMSTR) is a new cryptocurrency that was launched in April 2023. The token is designed to be used for gaming, entertainment, and payments. Hamster Kombat is also a meme coin, which are typically known for their high volatility and community-driven nature.

The HMSTR token is available for purchase on several cryptocurrency exchanges, including BKEX, MEXC, and BitMart.