Rally $HUMA occurred 24 hours after the RSI14 value reached 29.4 (close to the oversold zone) and bullish divergence in MACD. Over the week, RSI dropped to 15.8 — the lowest level since May 2025.$HUMA
Short-term traders likely took advantage of the oversold conditions, especially considering the improvement in the MACD histogram to -0.00105 (less bearish sentiment compared to previous days). However, the 7-day moving average (SMA) at $0.0287 remains a significant resistance.
What to watch: If the price consistently breaks the $0.0287 level, it may signal a trend change. Otherwise, a retest of the local minimum at $0.0228 by Fibonacci is possible.
The growth of HUMA in the last 24 hours reflects technical buying at oversold levels and a delayed reaction to the ecosystem's successes in July-August. Despite caution in the altcoin market overall (Altcoin Season Index at 43 out of 100), the development of PayFi provides fundamental support for HUMA.
