Summary
• Price dropped from $0.0267 to $0.02573 over 24 hours amid increased volume and bearish momentum.
• Key support levels appear near $0.0256-0.0257 and resistance at $0.0263-0.0264.
• Strong volume spikes observed during the bearish leg, confirming downward pressure.
• RSI and MACD indicate overbought and overextended conditions during the rally, then oversold during the decline.
• Volatility expanded as the price moved through Bollinger Band channels, suggesting a period of price discovery.
Huma Finance/Tether (HUMAUSDT) opened at $0.02661 on 2025-12-10 at 12:00 ET, hit a high of $0.02677, fell to a low of $0.02561, and closed at $0.02593 by 12:00 ET on 2025-12-11. Total volume for the 24-hour period was 13,885,214.0, with a turnover of approximately $357,033.
Structure & Formations
The price action formed a bearish continuation pattern throughout the day, with several dark cloud cover and bearish engulfing formations observed during the decline. Key support levels appear to be forming around $0.0256–$0.0257, and the price may find resistance at $0.0263–$0.0264. A doji formed near the close, signaling potential indecision in the market.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages both trended lower, confirming a bearish bias. The daily chart shows the 50-period MA dipping below the 100- and 200-period MAs, reinforcing a potential bearish setup for the next 24 hours.
Momentum and Volatility
The RSI moved into oversold territory below 30 during the price drop, suggesting the asset may be due for a short-term rebound. MACD crossed below the signal line, indicating bearish momentum. Volatility expanded as the price moved through Bollinger Band channels, suggesting an active period of price discovery.
Volume and Turnover
Volume spiked during the bearish phase, especially between 19:00 and 21:00 ET, confirming the strength of the selloff. Notional turnover also increased during this period, aligning with the price action. A divergence appears in the final hour as volume dropped despite a slight price increase, signaling caution.
Fibonacci Retracements
On the 5-minute chart, the price dropped near the 61.8% Fibonacci retracement level of the previous bullish swing, indicating a potential area of interest for a short-term bounce. If the price breaks below the 50% level near $0.02575, it may signal deeper bearish pressure.
The next 24 hours could see a test of the $0.0256–$0.0257 support area, with a possible bounce or continued sell-off depending on order flow and broader market sentiment. Investors should be cautious of potential volatility and avoid overexposure in this environment.
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