What's Next After Hamster Kombat All-Time Low? | Credit: Hameem Sarwar
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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.
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.
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.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
