August 19
Huma Finance ($HUMA ) has fallen by 1.10% in the last 24 hours, which is worse than the overall cryptocurrency market (-0.025%). This decline corresponds to an overall drop of 15% over the last 60 days, but contrasts with a growth of 344% over the last 90 days. Main reasons:
price below key moving averages and bearish trend indicators
Volatility after listing – profit-taking following Upbit and Binance South Asia campaigns in July
Market sentiment – slowing rotation of altcoins amid BTC dominance rising to 58.99%$HUMA
HUMA is trading at $0.0334, which is below the 7-day moving average ($0.0361) and the 30-day moving average ($0.0364). The MACD histogram has turned negative (-0.000019), indicating bearish momentum, while the RSI (45.05) shows a neutral or slightly oversold condition.
The price is near a significant Fibonacci support level ($0.0349). If the price consolidates below $0.033 (the current 24-hour low), this could lead to further declines to $0.031 (the low of May 2025). Weak trading volume (-3.28% over 24 hours) indicates insufficient buying interest to reverse the trend.
A close above the 7-day moving average ($0.0361) could negate the bearish scenario.
