There are few web3 projects supported by cash flow income. Before the launch of Huma, I calculated the opening valuation, and now I feel that $HUMA is moving from the third stage to the fourth stage as shown in the diagram below.

Uncle believes that the reasonable valuation range for 3 months should be between 0.058 and 0.065. Let's break it down violently 👇

1️⃣ Project Logic
- HUMA essentially serves as the payment and financing infrastructure on the blockchain, with a total loan amount of 2.3 billion USD and zero defaults, a solid business. The business line is divided into institutional and retail product lines, offering yields of 8-12% and ~10% respectively, non-P2P, and not a pure protocol shell.

2️⃣ Token Fundamentals
- Circulation ratio 17.3%, the vast majority of tokens are still locked
FDV is less than 400 million USD, but the market cap is only 69 million USD, with strong liquidity.

3️⃣ Technical Analysis
Currently in an uptrend channel, stabilizing above the 20-day moving average.
support level $0.031 / resistance level $0.055–0.069
Breaking above $0.055 is a key confirmation point, targeting a return to the ATH near $0.069.

4️⃣ operating strategy
Start to gradually accumulate near 0.037.
Target price 0.058–0.065
Stop-loss set at 0.030, exit temporarily if it breaks down.

@humafinance
@Solana_zh