Market Overview for Hamster Kombat/Tether (HMSTRUSDT): October 7, 2025

• Price declined from 0.000662 to 0.000624, marking a strong bearish trend over 24 hours.
• Volume spiked to 74M at 15:15 ET, coinciding with a sharp pullback to 0.000623.
• RSI hit oversold territory (30–35 range) late afternoon, suggesting short-term exhaustion in selling pressure.
• Bollinger Bands widened after 17:00 ET, reflecting increased volatility.

The 24-hour candle for Hamster Kombat/Tether (HMSTRUSDT) opened at 0.000662 on October 6 at 12:00 ET and closed at 0.000624 on October 7 at 12:00 ET, with a high of 0.000665 and a low of 0.000622. Total volume amounted to 118,756,844.0 with a notional turnover of $62.67 million, reflecting strong activity across a volatile session.

Structure on the 15-minute chart showed a key bearish pattern after 17:00 ET as price broke below a prior support level at 0.000655, confirming a shift in momentum. A long bearish candle at 18:15 ET (0.000662 → 0.00066) signaled early hesitation, but a larger bearish engulfing pattern emerged later in the session as price closed near 0.000624. Key support levels appear to be forming around 0.000645 and 0.000622, with a potential resistance retest expected at 0.000655.

Moving averages on the 15-minute timeframe show a clear bearish bias: the 20-period and 50-period SMAs both crossed below the price trend, reinforcing the downward move. On the daily chart, the 50-day, 100-day, and 200-day averages appear to be diverging, with the 200-day SMA sitting above 0.000665. This suggests a potential retest of these averages could trigger renewed short-term volatility.

The RSI reached 30–35 by 16:00 ET, entering oversold territory, which could hint at a temporary rebound. The MACD crossed below the signal line, showing bearish momentum that intensified after 19:00 ET. Bollinger Bands widened significantly after 17:00 ET as the market absorbed the bearish breakdown, with the price hovering near the lower band by the close, indicating heightened risk of a short-term bounce.

Backtest Hypothesis
Given the observed price action, a potential backtest strategy could focus on a short-biased breakout below 0.000655 with a stop above 0.000660 and a target at 0.000630–0.000625. This aligns with the bearish engulfing pattern and oversold RSI readings. A long-biased reentry strategy could be tested near 0.000640–0.000645, especially if the price closes above the 20-period SMA on a rebound.