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