: Current price $HUMA ($0.0271) is below all key moving averages (7-day SMA - $0.0313; 30-day SMA - $0.0345). The RSI-7 indicator is at 23.87, indicating oversold conditions, while the MACD shows bearish divergence (-0.000759 on the histogram).
Technical traders are likely to refrain from buying until clear reversal signals appear. The nearest Fibonacci support is at $0.0272 (minimum on August 24), which held during today's decline.
If the price drops below $0.0272 for an extended period, further decline to $0.025 is possible. A return above $0.0281 (key level) may indicate stabilization.
The drop to $HUMA is linked to profit-taking after the rise on partnership news, decreased demand after the campaign ended, and negative technical signals. While real-world payment infrastructure may provide long-term value, short-term risks remain due to low liquidity.#HumaFinance @Huma Finance 🟣
