Huma Finance ($HUMA ) has fallen by 6.28% in the last 24 hours, continuing a weekly decline of 25.6%. Main reasons:
Negative technical signals – Oversold conditions according to RSI and MACD divergence indicate weakness in the trend.
Volatility after listing – Recent listings on Upbit and Indodax exchanges likely triggered profit-taking.
Competition for stablecoin yields – High rewards for Huma 2.0 (10–19 times higher) did not compensate for the overall stagnation in yields in the DeFi sector.
Overall market pressure – The cryptocurrency Fear and Greed Index at 'Neutral' (53) reflects investor caution regarding altcoins.
The 7-day RSI (23.87) and 14-day RSI (35.3) for $HUMA show oversold conditions, which typically signal a potential reversal and buying opportunity. However, the MACD histogram (-0.00075984) indicates strengthening bearish momentum. On August 14, the price broke through the Fibonacci retracement level of 23.6% ($0.0441), with the next support level at $0.03197 (78.6%).
The 30-day Simple Moving Average (SMA) at $0.0344 now acts as resistance — closing above this level could indicate a potential trend reversal.#HumaFinance @Huma Finance 🟣
