Hamster Kombat (HMSTR) Price Prediction: HMSTR Prepares for a Bullish Crossover Amidst the Market Bloodbath

The crypto market is plunging! Global factors have been highly impacting the global traditional markets, as the stock markets as well as crypto are experiencing a major setback.

The crypto market is facing a downturn with global factors impacting traditional markets. Both stock and crypto markets are experiencing a setback. Bitcoin price is sharply declining and struggling to maintain the $61,000 levels.

The Hamster Kombat coin price, on the other hand, is trying to stay above the pivotal support levels. HMSTR price had a turbulent start in its trading journey, with a steep decline from the pre-launch price of around $0.1 to the current levels of about $0.004668.

The price has been continuously dropping since its launch and is expected to continue this trend until it reaches a bottom around $0.004 or even lower. However, the possibility of a bullish rebound is still present, as technical indicators suggest a neutral market.

The hourly chart of HMSTR price shows the token stuck in a strong descending trend. The latest selling pressure could extend the bearish momentum for some time. The token has been repeatedly attempting to break above the resistance zone around $0.005, but the bulls seem hesitant to push prices above this level.

Meanwhile, the stochastic RSI is setting up for a bullish crossover, which could indicate a potential short-term rise. To achieve this, the Hamster Kombat coin price must overcome the resistance zone around $0.005, which would confirm a strong bullish move.

However, the overall market dynamics suggest that a bullish flip is unlikely in the immediate term. Therefore, the HMSTR price might continue to decline, forming bottoms below $0.004 soon.

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