Can Humanity Protocol (H) Build on Its Recent 19% Rally?
Can Humanity Protocol (H) Build on Its Recent 19% Rally?Altcoin News
Humanity Protocol climbed 19% to trade at $0.071.
Daily trading volume jumped by more than 65%.
Yesterday’s bullish rally did not carry over today; instead, the crypto market has brought in mixed sentiment. Bitcoin, the largest asset, currently trades at around $117.9K, while the largest altcoin, Ethereum, is priced at $2.9K. The rest of the assets have been on a swing, with Humanity Protocol (H) recording a 19.15% gain.
In the early hours, the asset was trading on the downside, at around $0.0578. With a powerful push from the bulls, the price likely mounted toward a high of $0.08949, breaking its key resistance ranges. As of this writing, Humanity Protocol trades within the $0.07124 mark.
In addition, the asset’s daily trading volume has increased by over 65%, reaching $298 million. Also, it is worth noting that the market has faced a liquidation of $4.93 million worth of Humanity Protocol in the last 24 hours, according to Coinglass data.
Zooming in on the weekly price chart, the asset has plunged by over 28.44%. Humanity Protocol began trading the week at $0.099, and with the bears taking the lead, the price has steeply dropped toward the $0.046 zone.
What Lies Ahead for the Humanity Protocol?
If Humanity Protocol’s potent bulls step in, the bullish momentum might push the price to an immediate resistance at $0.07129. With the positive price movement gaining enough strength, the H price could climb toward its crucial resistance above $0.07131. Conversely, assuming the bearish correction in the H market, the price could retrace to the nearest support at $0.07118. With further losses, the asset is expected to break through a few key support ranges between $0.07111 and $0.07098.
