1. Technical Rebound Signals (Bullish Catalyst)
Overview: H’s price stabilized near $0.10 after a 41% drop from its October peak, with the 7-day RSI at 38.8 (oversold territory). Derivatives traders maintained bullish bets, with a positive funding rate of +0.0067% (AMBCrypto).
What this means: The oversold RSI historically preceded rebounds (e.g., a 292% surge after mid-October 2025’s 49.8% drop). Bullish derivatives positioning created a contrarian signal against spot price weakness, as traders anticipated a repeat fractal pattern.
What to watch: A sustained break above the 7-day SMA ($0.121) could confirm bullish momentum.
2. Privacy Sector Tailwinds (Bullish Catalyst)
Overview: Crypto’s privacy sector gained traction in November, with H positioned as a Worldcoin alternative using palm-scan biometrics and ZK proofs. Analysts highlighted its role in Web3 identity verification (CryptoFrontNews).
What this means: Regulatory scrutiny of personal data (e.g., EU’s AMLR) increased demand for non-invasive identity solutions. H’s $1.1B mainnet launch (August 2025) and Mastercard partnership (November 5) strengthened its credibility, though these were priced in earlier.
3. Token Unlock Pressure (Bearish Catalyst)
Overview: H faced selling pressure from a 91.67M token unlock (5.02% of circulating supply) on November 25, worth $10.78M at current prices (CoinGape).
What this means: Early investors and team members control 29% of H’s supply, creating persistent dilution risks. The unlock coincided with broader market risk-off sentiment, exacerbating downward momentum.
Conclusion
H’s price action reflects a clash between technical recovery signals and fundamental supply pressures. While privacy-sector tailwinds and oversold conditions provided support, token unlocks and Bitcoin-dominated market conditions ($BTC +59% dominance) limited upside.
Key watch: Can H hold the $0.095 Fibonacci support level, or will further unlocks trigger a retest of June 2025’s $0.016 lows? Monitor exchange inflows from early investor wallets.