The number of HMSTR holders dropped from over 300 million at its peak to just 672,200 today. Most exited as the token collapsed and user activity on its mini app declined sharply following its token generation event.
The eight-hour chart shows HMSTR peaked at $0.0029 in April and formed a double-top pattern, with a neckline at $0.002438, the swing low from May 6.
The token has since broken below key support at $0.001460, its lowest level in February. Price has also moved below all major moving averages, while both the MACD and the Relative Strength Index have plunged. Additionally, HMSTR has formed an inverse cup-and-handle pattern.
Given these signals, the token will likely continue falling as buying interest remains weak. If the decline accelerates, the next level to watch will be $0.00095.
