Hamster Kombat (HMSTR) Consolidates After Descending Triangle Breakout

Key Takeaways

• A long-term descending triangle breakout is confirmed.
• The price retested support near the accumulation zone.
• Fibonacci confluence aligns with bullish wave targets.
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Hamster Token (HMSTR) appears to be in the early stages of recovery after completing a long corrective phase that spanned several months.

With the macrostructure and the lower time frame aligning toward bullish potential, the token now stands at a pivot point, preparing for its next impulsive leg upward.

HMSTR Price Analysis

The 4-hour chart reveals a prolonged descending triangle formation, which developed from the high of $0.0080, unfolding an A-B-C-D-E triangle correction.

The final E wave ended with a slight bullish divergence on the Relative Strength Index (RSI) and formed a solid base within the green accumulation zone, around $0.00144 to $0.00163.

The breakout from this descending triangle structure was clean and impulsive, suggesting the end of the corrective phase.

Currently, HMSTR is consolidating just above the triangle’s upper boundary, with the RSI shifting above neutral levels — another sign of strengthening momentum.

The price stabilizes above $0.0020, which could be the first consolidation in a new uptrend.

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This consolidation appears to be a launchpad for the next move higher, with the major targets — $0.00240, $0.00273, and $0.00327.

This analysis is further validated by the higher lows forming since mid-February, suggesting the beginning of a trend reversal phase toward a bullish macrocycle.

HMSTR Price Prediction

On the 1-hour chart, the Elliott Wave structure shows a completed five-wave impulse off the February low, followed by an ongoing sideways correction.

The consolidation mentioned is likely a higher-degree wave 2, meaning that the next move should propel the price into a decisive upward impulse.

The RSI shows mid-range oscillation, allowing room for further upside.

Price currently trades near $0.00216, just above a local support cluster between $0.00201 (0.236 retracement) and $0.00187 (0.5 retracement).

The impulsive nature wave (iii) could extend toward $0.00273 (1.0 extension) or even $0.00327 (1.618 extension), depending on strength.

The structure also aligns with a bullish breakout projection beyond the wedge apex, a pattern that frequently yields explosive upside when volume increases — a factor worth watching closely.

If the wave count is accurate, short-term pullbacks into the $0.00187 zone would be potential reentry points before the next parabolic leg.

However, dropping below $0.00177 (0.618 Fibonacci) would question the bullish setup and may retest deeper levels near the green zone.

Overall, with price consolidating above key Fibonacci levels and a clean impulsive structure developing, HMSTR looks technically positioned to move toward the $0.00273–$0.00327 range within the coming weeks.

Key Levels to Watch

• Immediate Resistance: $0.00230 (0.5 Fibonacci level).
• Key Resistance: $0.00273 (1.0 Fibonacci extension).
• Major Resistance: $0.00327 (1.618 Fibonacci extension).
• Immediate Support: $0.00201 (0.236 Fibonacci retracement).
• Critical Support: $0.00177 (0.618 Fibonacci retracement).
• Short-Term Target for Wave (iii): $0.00273–$0.00327.
• Invalidation Zone: Below $0.00177.