HMSTR Price Struggles After Anticipated Launch, Stages Minor Rebound

After its much-anticipated launch in September, the Telegram-based game token’s, HMSTR price has been struggling significantly

The price of HMSTR, a game token that can be obtained through the popular messaging app Telegram, has seen a significant drop of over 53% in the last two weeks. Currently, HMSTR is trading at below $0.1, but it has seen a minor rebound in the last 24 hours with a 5.5% increase.

This price movement comes after high volatility associated with the HMSTR airdrop that caused user outrage due to last-minute changes and bans. Also, other competitors such as X Empire who recently announced their airdrop have contributed to the creation of the unsure market.

However, the price of HMSTR increased when OKX added a new trading pair for HMSTR/USDC. This has been made possible by the recent release of Hamster Kombat Airdrop Season 2 as well as new features in the game such as the opportunity for players to keep tokens.

HMSTR token price saw a 5.5% increase to reach $0.004057, but the trading volume has decreased by 30% which shows the lack of interest of traders.

According to Analyst Bit Guru, HMSTR violated a rising channel pattern to the downside, indicating bearish control. It also states the resistance level at $0.004330 and the support level at $0.003850 He points out that future market movements could define the future direction of HMSTR.