Home / Analysis / Crypto / Technical Analysis / Hamster Kombat (HMSTR) Price Drops 40% — Hits New All-Time Low

Hamster Kombat (HMSTR) Price Drops 40% — Hits New All-Time Low

Published
Valdrin Tahiri
Published
By Valdrin Tahiri
Edited by Ryan James

Key Takeaways

  • Hamster Kombat (HMSTR) fell to a new all-time low on Feb. 3.
  • The HMSTR price follows a descending resistance trend line.
  • Can HMSTR begin a bullish trend reversal or are new lows likely?

The HMSTR price has fallen precipitously since its launch. While it briefly started a relief rally in November 2024, that proved to be short-lived and the price has trended downward since, creating a series of lower highs and lows.

In February 2025, the HMSTR price broke down from its main support level and fell to a new all-time low.

Will this be just a deviation, or is HMSTR destined for even lower lows? Let’s find out.

HMSTR Price All-Time Low

The daily time frame chart shows that HMSTR has fallen since its high of $0.00624 on Nov. 10, 2024.

The decrease follows a descending resistance trend line. Initially, the price bounced at the $0.00235 horizontal support area (white icon), beginning a temporary bounce.

However, after the resistance trend line rejected it again, the HMSTR price accelerated its decrease and broke down from the $0.00235 support area on Feb. 3, reaching a new all-time low price of $0.00147 the next day. Because of the breakdown, the $0.00235 area will likely provide resistance.

HMSTR Daily
HMSTR/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView 

Technical indicators are also bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) fall below their bearish thresholds. There are no bullish divergences that could initiate a bounce.

So, the daily time frame gives a bearish HMSTR prediction. The next closest support level is at $0.00117, created by the 1.27 external Fibonacci retracement.

Can HMSTR Bounce?

The most likely wave count suggests the HMSTR price is finishing a five-wave decline (black), which has developed into a diagonal, as visible by its wedge shape. If the count is accurate, HMSTR is in its fifth and final wave of downward movement.

The sub-wave count is in yellow, showing that HMSTR is completing sub-wave four. As a result, a short-term bounce is likely before the decline resumes.

The wedge’s support trend line is at $0.00117, coinciding with the previously outlined Fibonacci retracement support.

HMSTR Wedge
HMSTR/USDT 12-Hour Chart | Credit: Valdrin Tahiri/TradingView 

After the price reaches the target, a breakout from the wedge will likely start a significant relief rally.

Bounce After Another Low

The HMSTR price fell to a new all-time low on Feb. 3. The price action and indicator readings do not show any signs of a potential bullish trend reversal.

However, the wave count suggests that HMSTR could break out after falling to a low near $0.00117.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Valdrin Tahiri

Valdrin discovered cryptocurrencies while getting his MSc in Financial Markets from the Barcelona School of Economics in 2017. He has been an avid investor and trader since. Valdrin has written for several cryptocurrency media companies such as BeInCrypto and CoinGape.
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