Humanity Protocol's token H rebounded significantly from around $0.1996 after a sharp decline. Foreign media analysis suggests that the key focus now is whether buying pressure can continue and push the price back into the $0.27 to $0.29 range.
Support was found around $0.1996
The article mentions that from late April to early May, H traded in a range above $0.1996. Trading volume was low at that time, indicating that selling pressure had eased. Subsequently, buying pressure propelled the price up rapidly to $0.2949 around May 13th.
However, this upward surge failed to continue. The price quickly encountered resistance near $0.2949, and subsequent rebound highs continued to decline. The article argues that this indicates selling pressure remains, with some funds preferring to sell on rallies.
Around May 25th, H returned to around $0.29, but the rise was short-lived and it quickly fell back. Subsequently, the volatility increased significantly, with the price rapidly dropping from nearly $0.28 back to $0.1996, accompanied by the highest trading volume of the period.
The rebound in trading volume remained weak.
After touching $0.1996 again, buying re-entered the market, pushing the price back up to around $0.256. However, the article points out that the trading volume during this rebound was still weaker than the volume levels during the previous decline, and the market has not yet given a clear confirmation of a reversal.
Structurally, the $0.20 to $0.218 area remains the primary demand zone. The price has consistently found support in this area, indicating that buyers are still defending the price, and sellers have failed to break through this range decisively.
$0.2949 remains the focus.
Meanwhile, the area around $0.2949 remains the most important resistance level. The article argues that the repeated testing of the same resistance level should theoretically gradually deplete the selling pressure, but this depends on continued buying pressure.
The article states that current trading activity remains low, with many traders still awaiting clearer directional signals. If H can break through $0.2949 with higher trading volume, price momentum could further target $0.399; if resistance continues to suppress the rebound, the price may return to test support around $0.20.
