According to the latest chart data, the Hamster (HMSTR) rate against USDT is at $0.003807, showing a slight increase of +0.32% over the past 24 hours. However, given the trading volume, which amounted to almost 4 billion HMSTR in the last 24 hours, the coin is attracting significant attention from investors 👀.
Current analysis:
1. Last 7-day decline: The coin has shown a decline of -14.36% over the last week, which may indicate a recent correction after the rise 📉.
2. Trading Volumes: It is important to note the high trading volume over the last 24 hours (15.05 million in USDT), which indicates active trading and attention from traders 💸.
3. Technical indicators: The short moving average (MA7) is at 0.003797, close to the current price, which suggests possible consolidation. However, the longer moving averages (MA25 at 0.003843 and MA99 at 0.004116) are still signaling a downward trend ⬇️. This may mean that there will be a fight for the support level in the near future.
Forecast:
If trading volumes remain high and the coin holds the $0.0037-0.0038 level, we can expect a recovery to $0.0040. In case of favorable news and continued interest from investors, the price may reach $0.0042 in the short term 📈.
Important facts:
1. Active Users: Hamster continues to be popular among small traders and retail investors, which maintains high liquidity 🤝.
2. Technical picture: If Hamster can break through MA25 and MA99 at $0.003843 and $0.004116, it will be a clear signal for growth 🚀.
Conclusion:
Hamster (HMSTR) has potential to rise, especially if it holds key support levels. Traders should keep an eye on trading volumes and breakouts of important resistance levels 🔥.$HMSTR
