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📊 Overall picture:
The HUMA asset has formed an upward channel since breaking out of the accumulation zone (. The area $0.031–$0.034 is marked by a purple support zone ). Currently, the price is trading around $0.0395, remaining above key support lines and within the upward trend.
🔍 Key Observations:
🔺 1. An ascending channel is forming:
Support is the ascending trend line from the low in July.
Resistance is the upper boundary of the channel around $0.060.
The price tested the upper channel and bounced down, but remains within the structure.
🟣 2. Support zone:
The range $0.031–$0.034 serves as a key historical support (purple zone).
The price has bounced off this zone several times, confirming its significance.
📈 3. Indicators:
MA(7), MA(25), MA(99) — all moving averages are above the current price, signaling potential short-term resistance.
Parabolic SAR is above the price of ($0.053), indicating a short-term downward momentum.
Ishimoku - the price crosses the cloud, while the Chikou Span ( green line ) indicates a possible slowdown in growth. The cloud ahead indicates uncertainty.
📌 Potential scenarios:
✅ Bullish:
The retention of the ascending trend support and a rebound from it with a breakout of the MA and cloud may lead to a movement towards $0.050 and above ( to the zone of $0.060).
❌ Bearish:
The loss of channel support and a downward break below $0.035 with volume could send the price back into the accumulation zone of $0.031–$0.034.
🧠 Conclusion:
The HUMA asset is showing a gradual recovery after a downtrend and is forming an ascending channel structure. A key area to watch is the support line around $0.037–$0.038. If it holds, a new upward momentum is possible.