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Quick Analysis of HMSTR/USDT – Are We Going to See an Upcoming Rise or a Decline?

Current Price: 0.002340 USDT

Daily Change Percentage: +0.91%

Highest Price in 24 Hours: 0.002457

Lowest Price in 24 Hours: 0.002225

Volume in 24 Hours: 2.20 Billion HMSTR

Technical Outlook:

The price is above the MA60 average, indicating a short-term upward trend.

There was a clear breakout with a sudden increase in trading volume (large red peak), which may indicate partial profit-taking or the entry of speculators.

The currency is still close to the daily high, which means the upward momentum hasn't completely ended.

Possible Scenarios:

If 0.002457 is broken and sustained above it, we might see a new upward wave towards the 0.002600+ areas.

However, if 0.002300 is broken or the price drops below MA60 (0.002298), we might witness a correction towards 0.002200 or lower.

Recommendation:

Watch the resistance and support areas.

Buying now carries some risk; partial selling may be a wise option for speculators.

Wait for confirmation of the trend before making significant decisions.

Do you think HMSTR still has the momentum to rise? Share your opinion!

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