The HUMBLE Inc was previously known as TSNP. The HUMBL price remains on the back foot around the swing lows of 24 February, 22. The price is now around $0.099, while the bears may aim for the swing lows around $0.087. The 4-hour chart of the stock reveals quite a dismal picture. The price has been in the tight range for the past three months.
The stock price is currently wobbling around the 20-period SMA. Staying below the level may attract more sellers, leading to further losses. In addition, the 20, 50 and 100 SMAs are lying one above another and staying parallel. Such a structure indicates a firm bearish trend. Meanwhile, the 200-period SMA lies far above the price, another indicator of bearish dominance.
Alternatively, any fundamental development can change the scenario. In such a case, the price explosion beyond the key SMAs can bring the bulls into action. The price may jump above $0.10. However, the probability of such a scenario is very low. Therefore, the stock is not the best to buy in given circumstances.
