$HMSTR Drops 70%+ from Its Peak 🐹📉

The price of token $HMSTR , which is one of the game tokens from the $TON ecosystem, has recorded a sharp decline and is now trading around $0.00106, plummeting more than -27% in the last 24 hours. This decline adds to the long list of weekly, monthly, and yearly corrections that continue to weigh on market psychology.

Technically, the current condition is extremely oversold with the RSI(6) reaching an extreme level of 11. This indicates brutal selling pressure with no significant resistance from the buyers. In such conditions, statistically, the chances for a relief bounce are indeed open, but with very high risk.

EMA(13), EMA(21), and EMA(99) are still significantly above the current price, reflecting full bearish trend dominance. Additionally, the trading volume around 26 billion HMSTR in the last 24 hours appears high but is dominated by massive selling pressure.

From a chart perspective, the last 4-hour candles have not shown any valid reversal signals. Strong short-term support is around $0.00103—and if this level fails to hold, we could see further distribution phases into deeper zones.

📊 Short-Term: Potential dead cat bounce is open, but very speculative. Extreme RSI could trigger short-term scalping.

📊 Mid-Term: Confirmation of reversal pattern with valid volume is needed. EMA 13–21 becomes initial resistance.

📊 Long-Term: As long as there is no strong catalyst or adequate market recovery, the major trend remains bearish.

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📌 Disclaimer: Not Promotion & Not Financial Advice