Humanity Protocol Plummets 19% Amidst Upcoming Token Unlock

Humanity Protocol's price has been on a downward trend since it reached its year-high of $0.25 on February 16th. The altcoin declined by 19.67% in a single day, surpassing the overall market loss.

The technical breakdown is evident as the price broke below key support levels and dropped below the SuperTrend indicator. Additionally, the Relative Strength Index (RSI) Divergence had printed a sell signal, indicating bears were in control of the market.

Momentum and volume indicators suggest that while the altcoin has lost downside momentum, the drop was accompanied by significant selling pressure. The Net Volume indicator shows that bulls have reduced their sell volume from negative to positive, but more selling could still be on its way.