Humanity Protocol's token H has surged 80% in the past 24 hours, reaching a new all-time high of $0.67. Along with the rise, trading volume has also increased significantly, indicating a corresponding increase in market participation.

Trading volume and open interest both increased.

24-hour trading volume increased by 77.82%, exceeding $313 million. Open interest rose to $478.04 million, an increase of 51.56%. This indicates that funds are not only staying in the spot market, but new positions are also entering the derivatives market.

Short positions remain predominant.

Among Binance's top traders, short accounts still account for 65.36%, while long accounts account for 34.64%. With prices continuing to rise, this position structure suggests that short sellers are under pressure, and if the market continues to rise, the pressure to liquidate positions could further amplify volatility.

Technical pattern strengthens

The article states that the H token has completed a double bottom reversal on the weekly chart, successively recovering the resistance levels of $0.196 and $0.380, and breaking through the area near the previous high of $0.7069. The RSI has risen to 82.23, indicating that it has entered the overbought zone in the short term, but the strong trend continues.