Can Humanity Protocol (H) Extend Its Bull Run After a Recent 28% Surge?
- Humanity Protocol posted a 28% rally, bringing its price to $0.097.
- Over the last week, H has recorded a massive 375% surge.
The crypto market’s short-lived bullish correction has brought in a wave of red charts. The largest asset, Bitcoin (BTC), hovers at $109K, while the largest altcoin, Ethereum (ETH), trades at around $2.5K. In the altcoin crowd, Humanity Protocol (H) has weathered the uncertainty and posted a 28.12% jump in value within the last 24 hours.
The asset opened the day trading at the bottom range of $0.06986. With the potent bullish shift, the price ascended toward a peak of $0.0956, breaking through its key resistance levels between $0.06994 and $0.0951. As per CMC data, Humanity Protocol trades at around $0.09727, with the market cap reaching $177.52 million.
Notably, H’s daily trading volume has surged by over 26.06%, touching the $374.50 million mark. As reported by Coinglass, the market has observed a liquidation of $5.89 million worth of Humanity Protocol during this period.
Over the last seven days, H has recorded a 375% increase. The asset opened the week trading at $0.020, and with a steady bullish price movement, Humanity Protocol has climbed to the $0.097 range, the current trading range.
Will the Humanity Protocol Bulls Stay Strong?
Humanity Protocol’s brief upward momentum might push the price up to the $0.08924 level. If the asset’s positive price trajectory holds and gains further strength, the price could likely jump toward the resistance above $0.08933. Upon clearing this zone, the bulls may initiate a strong bull run.
Conversely, if the H market shows signs of exhaustion, the price could immediately fall back to the support at $0.08908. Further downside correction might trigger the asset to face a series of supports between $0.08898 and $0.08885. An extended slippage in price may lead to a steep fall to its former lows.
Additionally, the Moving Average Convergence Divergence (MACD) line of the asset has briefly crossed above the signal line. This crossover infers a bullish move, with the potential of a resilient uptrend. Humanity Protocol’s Chaikin Money Flow (CMF) indicator value of 0.18 hints at moderate buying pressure in the market, and the capital is flowing into the asset. It can support a potential continuation of the uptrend.
Furthermore, the daily Relative Strength Index (RSI) found at 67.25 indicates that the asset might be approaching the overbought territory, with a pullback or consolidation ahead. Humanity Protocol’s Bull Bear Power (BBP) reading, settled at 0.024669, suggests a mild bullish dominance in the market.
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Can Humanity Protocol (H) Extend Its Bull Run After a Recent 28% Surge?
- Humanity Protocol posted a 28% rally, bringing its price to $0.097.
- Over the last week, H has recorded a massive 375% surge.
The crypto market’s short-lived bullish correction has brought in a wave of red charts. The largest asset, Bitcoin (BTC), hovers at $109K, while the largest altcoin, Ethereum (ETH), trades at around $2.5K. In the altcoin crowd, Humanity Protocol (H) has weathered the uncertainty and posted a 28.12% jump in value within the last 24 hours.
The asset opened the day trading at the bottom range of $0.06986. With the potent bullish shift, the price ascended toward a peak of $0.0956, breaking through its key resistance levels between $0.06994 and $0.0951. As per CMC data, Humanity Protocol trades at around $0.09727, with the market cap reaching $177.52 million.
Notably, H’s daily trading volume has surged by over 26.06%, touching the $374.50 million mark. As reported by Coinglass, the market has observed a liquidation of $5.89 million worth of Humanity Protocol during this period.
Over the last seven days, H has recorded a 375% increase. The asset opened the week trading at $0.020, and with a steady bullish price movement, Humanity Protocol has climbed to the $0.097 range, the current trading range.
Will the Humanity Protocol Bulls Stay Strong?
Humanity Protocol’s brief upward momentum might push the price up to the $0.08924 level. If the asset’s positive price trajectory holds and gains further strength, the price could likely jump toward the resistance above $0.08933. Upon clearing this zone, the bulls may initiate a strong bull run.
Conversely, if the H market shows signs of exhaustion, the price could immediately fall back to the support at $0.08908. Further downside correction might trigger the asset to face a series of supports between $0.08898 and $0.08885. An extended slippage in price may lead to a steep fall to its former lows.
Additionally, the Moving Average Convergence Divergence (MACD) line of the asset has briefly crossed above the signal line. This crossover infers a bullish move, with the potential of a resilient uptrend. Humanity Protocol’s Chaikin Money Flow (CMF) indicator value of 0.18 hints at moderate buying pressure in the market, and the capital is flowing into the asset. It can support a potential continuation of the uptrend.
Furthermore, the daily Relative Strength Index (RSI) found at 67.25 indicates that the asset might be approaching the overbought territory, with a pullback or consolidation ahead. Humanity Protocol’s Bull Bear Power (BBP) reading, settled at 0.024669, suggests a mild bullish dominance in the market.
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Read More
Can Humanity Protocol (H) Push Higher After a 107% Surge and a 155% Volume Burst?