$HUMA : NEW LOWS.
HUMA continues its downward movement and recorded a new all-time low at US$0.008185.
On the 5-minute chart, the price remains below the 99-period moving average, while recent recovery attempts have yet to change the short-term trend.
After a drop of more than 70% from US$0.030, we have seen some buying reactions, but there is still no confirmation of a sustained reversal.
But what is most concerning is that the price action has hardly changed. We continue to see the same pattern: sharp declines, temporary recoveries that lose momentum, and then new lows.
And there is an important detail: with each new low, HUMA records a new all-time low. We are not just losing support levels; we are repeatedly entering price ranges never seen before.
One important factor is the token unlock scheduled for November 26. Could some of this selling pressure already be priced in by the market?
On the other hand, sharp declines do not necessarily mean that the price has found its bottom.
Right now, two scenarios deserve attention: HUMA could begin to show signs of stabilization, forming higher lows and reclaiming resistance levels, or it could remain under pressure and reach a new all-time low.
At this point, I am keeping a close eye on the US$0.008200 area. Will buyers be able to defend this level and sustain a recovery, or will we see the price fall below this area and reach yet another all-time low?
#HUMA #Crypto
HUMA continues its downward movement and recorded a new all-time low at US$0.008185.
On the 5-minute chart, the price remains below the 99-period moving average, while recent recovery attempts have yet to change the short-term trend.
After a drop of more than 70% from US$0.030, we have seen some buying reactions, but there is still no confirmation of a sustained reversal.
But what is most concerning is that the price action has hardly changed. We continue to see the same pattern: sharp declines, temporary recoveries that lose momentum, and then new lows.
And there is an important detail: with each new low, HUMA records a new all-time low. We are not just losing support levels; we are repeatedly entering price ranges never seen before.
One important factor is the token unlock scheduled for November 26. Could some of this selling pressure already be priced in by the market?
On the other hand, sharp declines do not necessarily mean that the price has found its bottom.
Right now, two scenarios deserve attention: HUMA could begin to show signs of stabilization, forming higher lows and reclaiming resistance levels, or it could remain under pressure and reach a new all-time low.
At this point, I am keeping a close eye on the US$0.008200 area. Will buyers be able to defend this level and sustain a recovery, or will we see the price fall below this area and reach yet another all-time low?
#HUMA #Crypto