However, the market value crashed to $0.019 one day after amid selling pressure from airdrop recipients. With a total supply of 10 billion tokens, the project allocated 12%, which is 1.2 billion, to its community.
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The selling pressure has faded, with the Humanity Protocol price rising to $0.80. According to CCN’s findings, the altcoin’s value skyrocketed due to its rising volume.
For instance, the trading volume around H over the weekend was less than $10 million. As of this writing, it is close to $300 million.
From a trading perspective, the rise in volume, if sustained, could strengthen the uptrend. If the Humanity Protocol price maintains bullish momentum, the market value could be higher in the short term.
Despite this optimistic outlook, H’s price risks pulling back. One reason for this is the rising exchange inflow.
Lookonchain reported that a wallet deposited 35 million H tokens to crypto exchanges earlier today.
Around the same period, Jump Trading, one of the project’s market makers, received 25 million tokens and sent 8 million to exchanges.
While it is uncertain what these parties want to do with the transfers, the action alone suggests they might want to sell.
If that happens, the Humanity Protocol price might retrace from its recent highs.
H Price Prediction: Pullback Looms
On the 1-hour chart, H’s price was locked in an ascending channel. However, the Relative Strength Index (RSI) hit 91.61 earlier today, indicating that the altcoin was overbought.
Around the same period, the Chaikin Money Flow (CMF) reading dropped, implying that the buying pressure is fading.
Should this trend continue, the Humanity Protocol price might fall below the support at $0.064.
If validated, this could drag the price down to $0.039. However, if buying pressure increases again and profit-taking drops, H might rebound.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
