Humanity Price Surges 38% After Whales Return
Humanity's (H) price has surged by 38% to reach a monthly high of $0.169, wiping out all losses from July. This significant rally comes after a post-hack incident in late June that saw the altcoin plummet to $0.05.
The altcoin had been trading sideways within a parallel consolidation range since its low point, but broke out three days ago, intensifying upside pressure and driving the upsurge. As a result, H reclaimed $0.1 as support and flipped it into a new level of resistance.
Market activity has intensified, with trading volume surging 99% to $40 million and market cap reclaiming the top 100 spot on CMC at 92. The altcoin's relative strength index (RSI) has also surged to 86, indicating strong buying pressure and a likelihood of trend continuation.
The return of whales, high-net-worth investors, and institutions has contributed to the positive sentiment shift in Humanity. One whale recently acquired 25 million H worth $2.7 million, while another accumulated 5 million H worth $0.59 million after the recent migration and airdrop.