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Summary
• Price tested 0.00022 and 0.00023 as key levels on the 5-min chart.
• Volume declined significantly after 20:00 ET, suggesting waning momentum.
• A bearish divergence formed in RSI after 19:30 ET.
• Price closed below the 50-period moving average at 12:00 ET.
• Bollinger Bands showed a narrow range before 20:00 ET, hinting at low volatility.
The 24-hour period for Hamster Kombat/Tether (HMSTRUSDT) began at 0.000233 with a high of 0.000235, a low of 0.00022, and a close of 0.000224 at 12:00 ET. Total volume traded was 1.24 billion, and notional turnover reached $284,624.
Structure & Formations
Price action exhibited a bearish breakdown below 0.000231, followed by a test of 0.00022 as a potential support. A small bearish engulfing pattern formed at 20:30 ET as price broke below key support, while multiple doji occurred near 0.000226–0.000228, signaling indecision. The 0.00023 level appears as a key resistance, with the 0.00022 level acting as a short-term support.
Moving Averages
On the 5-min chart, the 20-period moving average dipped below the 50-period MA by 00:00 ET, forming a potential death cross. The 50-period MA remained above 0.000226 for most of the session, while the close of 0.000224 fell well below both indicators, suggesting bearish bias.
Momentum Indicators
The RSI crossed below 40 after 19:30 ET, suggesting waning momentum. A bearish divergence emerged between price and RSI after the 0.000228 level was retested in the evening. MACD showed a negative crossover in the early hours, with bearish momentum persisting through most of the session.
Volatility and Bollinger Bands
Bollinger Bands contracted significantly between 17:00 and 20:00 ET, indicating low volatility. Price then broke below the lower band at 20:30 ET, confirming bearish pressure. Volatility remained elevated after the breakdown but did not see a full expansion of the bands.
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Volume and Turnover
Volume remained strong until 20:00 ET, with a peak of 287 million at 20:30 ET. However, turnover began to decline after that, despite continued bearish price action. A volume divergence occurred after 22:00 ET, where price continued lower while volume fell, indicating weakening conviction.
Fibonacci Retracements
Recent 5-min swings showed a 61.8% retracement at 0.000226–0.000227 before the final breakdown. On the daily chart, 0.000228–0.000229 appears as a key 38.2% Fibonacci level, which may see renewed interest as a near-term resistance.
The market appears to have broken key support and could continue lower in the near term, but a bounce toward 0.000225–0.000227 may test short-term resilience. Investors should watch for a potential test of 0.00023 as resistance and a re-emergence of buying interest near 0.00022, but be mindful of the bearish bias indicated by divergences and moving averages.
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