Humanity Protocol's H Token Rebounds but Remains Fragile
- Token Recovery Status: Humanity Protocol's H token rebounded to approximately $0.163 on June 10, marking a 23.7% increase over 24 hours, yet it remains down 74.1% over the past week, indicating significant market uncertainty regarding its future.
- Security Breach Impact: An employee laptop compromise allowed attackers to seize control of Gnosis Safe keys managing the Ethereum bridge, resulting in the transfer of approximately 141.2 million H tokens, leading the project to halt deposits and withdrawals through affected bridges, highlighting direct threats to token liquidity due to security issues.
- Market Confidence Lacking: Despite a 24-hour futures trading volume of about $1.21 billion, open interest fell by 9.38% to around $78 million, suggesting traders are closing leveraged positions during volatility, reflecting a lack of confidence in the rebound.
- Future Outlook and Risks: The H token must hold above $0.17 and break through $0.22 to restore an upward trend; failure to do so could see it retreat to $0.13 and the psychological $0.10 level, further increasing market uncertainty.
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Technical Analysis for H
Technical Sentiment Analysis for Humanity Protocol (H). As of , Humanity Protocol (H) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for H stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, H is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Humanity Protocol (H) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.701 | -0.315 | 0.0881 | 0.473 | 0.877 | 1.262 | 1.665 |
| Fibonacci | -0.315 | -0.0141 | 0.172 | 0.473 | 0.775 | 0.961 | 1.262 |
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