$HUMA
📊 HUMA/USDT: Understanding Support and Resistance!
The current price of HUMA is $0.03920, showing a slight dip of -1.01% over the past hour. Let’s break down the key support and resistance levels:
🔸 Support Level:
The recent low at $0.03740 marks a crucial support area. This level has been tested multiple times, indicating strong buying interest. If the price falls below this, it may indicate a bearish trend, so watch carefully.
🔸 Resistance Levels:
The first resistance level sits at around $0.04015, which was the 24h high.
Another potential resistance lies around $0.04102, just above the 99 EMA line.
📈 Key Insights:
The price is currently between the 25 EMA ($0.03891) and the 99 EMA ($0.04038), suggesting indecision but with bullish potential.
RSI(6) is at 65.39, signaling that momentum is approaching overbought territory. Traders should watch for potential pullbacks.
Increased volume shows growing interest, but traders should be cautious around resistance levels.
💡 Tip:
Use these levels to plan your trades wisely. Consider taking profits near resistance and setting stop-losses just below support to manage risk.$HUMA #Liquidity101
LPT Surges 11% as Trading Volume Soars 498% Amid Renewed AI Blockchain Hype and User Demand
Livepeer (LPT) has experienced significant price movement in the past 24 hours, with the price rising 11.03% from a 24-hour open of $7.685 to $8.533, according to Binance data. This surge is primarily attributed to increased market attention following Binance's inclusion of LPT in its Learn & Earn campaigns, which has likely driven new user engagement and demand. Additionally, heightened trading activity and renewed investor interest in AI-focused blockchain projects have contributed to a 498% spike in trading volume and a sharp price rally, as reported by multiple sources. The current market capitalization stands at approximately $339.8 million, with LPT ranked #148 among cryptocurrencies, and the circulating supply is about 41 million tokens. Despite recent gains and strong trading momentum, LPT remains volatile, having recently corrected by 40% from a four-month high of $14.20, reflecting active speculative trading and ongoing market fluctuations.
📈ENA has been overall bearish trading within the falling channel marked in red and it is currently retesting the lower bound of the channel.
Moreover, the blue zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ENA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)