Hamster Kombat/Tether Market Overview

Summary
• Price traded between $0.000314 and $0.000364, closing near key resistance after a sharp pullback.
• Bullish momentum waned in the final hours, with volume declining from 609M to 45M.
• Overbought RSI and divergence in turnover signal potential consolidation ahead.

Price and Volatility Trends

Hamster Kombat/Tether (HMSTRUSDT) opened at $0.000319 on 2025-11-05 at 12:00 ET, surged to a high of $0.000364 the following day, and closed at $0.000316 by 12:00 ET on 2025-11-06. The 24-hour notional volume totaled 1.28B and turnover reached $422,000, with volatility peaking during the early hours of the session before tapering off in the final 12 hours. The price action showed a clear bearish reversal after reaching a multi-day high, with a potential bearish trendline forming from $0.000355 to $0.000316.

The most notable candlestick formation occurred at 02:45 ET, when a large bearish engulfing pattern formed with an open of $0.000343 and a close of $0.000338, indicating potential short-term bearish bias. A series of doji candles also appeared between 06:30 and 10:00 ET, signaling indecision and a possible reversal point.

The 15-minute chart revealed a 20-period moving average crossing below the 50-period line at $0.000336, reinforcing the bearish momentum. On the daily chart, the 50-period MA was trading at $0.000340, while the 200-period MA sat at $0.000348, suggesting the price is below key long-term averages.

Momentum and Volatility Indicators

The RSI rose to 72 at 18:15 ET before dropping to 52 by the close, indicating overbought conditions earlier in the session followed by a pullback. MACD crossed into negative territory by 20:00 ET, confirming weakening bullish momentum.

Bollinger Bands showed a widening at the peak of the rally, with the price trading at the top of the band during the high-volume 18:15–19:00 ET window. However, by 06:00 ET the next day, the price was well within the lower portion of the bands, suggesting a period of consolidation and lower volatility.

Fibonacci retracement levels applied to the 18:15–22:30 ET swing showed the price dropping to the 61.8% retracement level at $0.000336 before stabilizing slightly. This suggests key support is forming around this level.

Volume and Turnover Signals

The largest volume spike occurred at 18:15 ET with 609.9M units traded, coinciding with the peak high of $0.000364. This was followed by a sharp drop in volume as the price corrected, with the 10-hour window from 02:00 to 12:00 ET showing a 70% decline in notional turnover.

Notably, while price dropped sharply between 02:00 and 06:00 ET, turnover only declined modestly, suggesting continued interest from sellers. A divergence between price and volume in the final 4 hours of the session indicates weak follow-through on the bearish move, which could hint at near-term stabilizing forces.

The final hour of the session saw volume stabilize at 45.3M, but with no significant price movement, suggesting order flow was balanced between buyers and sellers.

Backtest Hypothesis

To test the efficacy of the Bullish-Engulfing pattern on HMSTRUSDT, a backtesting strategy was attempted using a 5-day holding period and fixed profit-and-loss parameters. However, the data source returned an error when accessing the symbol "HMSTRUSDT," likely due to an unsupported ticker format or missing exchange suffix.

To proceed, the exact symbol or a proxy ticker compatible with the data source must be provided. Alternatively, if a list of confirmed Bullish-Engulfing dates from independent analysis is available, those can be used directly to run the backtest and generate performance metrics. This will help assess the viability of the pattern as a trading signal for HMSTRUSDT.