Humanity Protocol’s H token has rebounded from its June 9 collapse, but the recovery remains fragile after a $36 million bridge attack.
Summary
- Humanity Protocol price rebounded 23% daily but remains 74% lower across the past week overall.
- RSI and MACD remain bearish, placing $0.17 and $0.22 at key recovery tests ahead now.
- Falling open interest and the June 25 token unlock could keep sellers active during rebounds.
H traded near $0.163 on June 10, up about 23.7% over 24 hours but still down 74.1% across seven days, according to crypto.news market data.
The token moved between $0.0578 and $0.241 during the latest session, showing that traders continue to price wide risks. H also remains about 80.7% below its June 2 all-time high of $0.8439, despite recovering sharply from the intraday low.
Humanity Protocol price rebounds as Humanity launches recovery tracker
Humanity Protocol said an employee laptop compromise exposed three of six Gnosis Safe keys controlling its Ethereum bridge administration. The attacker transferred control, installed a malicious contract and removed about 141.2 million H in one transaction.
The project said attackers also compromised three of five Safe keys on BNB Smart Chain. They then seized the bridge administrator, added an unlimited mint function and created 200,000,005 H across two transactions.
Humanity halted deposits and withdrawals through the affected bridges. It also launched a public tracker covering attacker addresses, downstream transfers and recovery actions. The tracker listed the incident as active on June 10 and showed no completed remediation actions.
The team offered a $1 million USDT bounty for information that leads to asset recovery. It said recovered funds would support an H buyback, although it has not published a recovery amount or buyback timetable.
“All recovered funds will be used for the buy back of H.”
Humanity Protocol price indicators remain bearish
The rebound has not repaired the technical structure created by the fall from above $0.80. H remains below the former $0.17 support zone, which now acts as the first pivot. A sustained move above that level could open a test of $0.21 to $0.22.
The relative strength index stands at 41.81, below its moving average of 66.21. That reading shows weaker momentum, although the RSI remains above the oversold level of 30. Buyers would need the RSI to recover above 50 to show firmer control.
The MACD line at 0.02687 has crossed below the 0.06738 signal line. Its histogram has fallen to minus 0.04051, confirming that the upward trend lost strength. A narrowing negative histogram would offer the first sign that selling pressure is slowing.
If H fails to reclaim $0.17, traders may watch $0.13 and the psychological $0.10 area. The June 9 low near $0.0578 remains the downside reference. Above $0.22, the session high near $0.241 forms the next barrier.
Derivatives and exchange flows show reduced conviction
CoinGlass data showed about $1.21 billion in 24-hour futures volume, down 29.15%, while open interest fell 9.38% to about $78 million. Falling open interest during a violent move often shows traders closing leveraged positions rather than building strong directional exposure.
The lower open interest can reduce liquidation risk, but it also shows limited confidence in the rebound. Futures activity still remains high compared with H’s $298 million market value, leaving the token exposed to rapid price swings.
Spot netflow recorded a small $426 outflow on June 10. That reading was close to neutral compared with the multimillion-dollar flows recorded before and during the attack.
Earlier data showed an outflow near $23 million, followed by inflow sessions approaching $19 million and $14 million. Large inflows often indicate tokens moving onto exchanges, where holders can sell them. The mixed pattern confirms that exchange activity remains high.
June unlock and recovery plan shape the next move
Humanity Protocol has a circulating supply of 1.825 billion H against a maximum supply of 10 billion. Its fully diluted valuation stands near $1.63 billion, far above its market capitalization, creating a wide gap between circulating and future supply.
A scheduled June 25 token release adds another market factor. As earlier reported by crypto.news, early investor Trix Ventures selected a discounted immediate unlock instead of extended vesting.
CoinCodex currently labels H sentiment bearish, with the Fear and Greed Index near 10 in extreme fear. Its 50-day simple moving average remains above the current price, while the 200-day average sits close to the rebound area.
For any recovery, H needs to hold above $0.17, break $0.22 and reduce exchange inflows. Failure at those levels could return attention to $0.13, $0.10 and the June 9 low as the recovery effort continues.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
