Let's figure out why the price of Huma Finance ($HUMA ) has dropped by 4.5% over the last 24 hours. First, let's look at the data. It shows in real-time that the decrease over the day is 4.5%, which is more than the changes over 7 and 30 days — this indicates a short-term decline. Meanwhile, the entire cryptocurrency market has fallen by 3.56% during the same period, meaning that $HUMA is likely following the overall market trend.
As for the news, there was a promotion on Binance with a prize pool of $120,000 for $HUMA in South Asia, which ends on July 31, 2025. If it has just concluded, participants may have started selling the rewards they received, which increases the selling pressure. Technical analysis indicates that the price is below the 30-day moving average (SMA) of $0.0364 and the 7-day SMA of $0.0361, which may suggest a bearish trend. The Relative Strength Index (RSI) around 47 is a neutral value but with a slight tilt towards the oversold zone, which may indicate some traders exiting their positions.