Humanity Protocol sees 29% monthly price rally

Humanity Protocol (H) has experienced a significant price rally, recording a cumulative gain of 29% over the past month. This surge follows a period of decline where the asset had seen a year-long loss of 46%. In the last 48 hours alone, the token registered gains exceeding 12%.

Market data indicates strong bullish interest across major exchanges. The long-to-short ratio, which measures perpetual market volume, shows dominance in long positions. Specifically, Binance reported a reading of 1.926, while OKX reached 2.42, both indicating substantial buying volume. Across multiple exchanges, the aggregate reading sits at approximately 1.02.

Additional indicators support the upward trend. Open interest has surged by 11% to reach $53.83 million, and the funding rate has climbed to 0.0221%, suggesting active participation from bulls. Furthermore, spot market data shows a netflow of $403,000 for the week.