H token rebounds after exploit, but can it reclaim the $0.80 mark?

Humanity Protocol’s H token has recovered more than 300% from its post-exploit low, reviving speculation over whether the digital identity project's token can climb back above the $0.80 level reached before last week's security breach.

According to CoinGecko data, H fell from around $0.70 to below $0.10 between June 8 and June 9 after an attacker exploited the protocol's cross-chain infrastructure, triggering one of the sharpest declines in the token's history. 

Since then, buyers have pushed the token back toward the $0.50 range, although it remains well below its pre-exploit valuation.

The recovery began after blockchain security firm Quantstamp published a detailed forensic report on the incident. 

The investigation found that the protocol's zkEVM smart contracts and palm-scan biometric identity system were not compromised during the attack. 

Instead, Quantstamp said the breach originated from a phishing email that infected a developer's machine and exposed sensitive private keys.

Those findings helped calm concerns that the attack stemmed from a flaw in Humanity Protocol's underlying technology.

Earlier disclosures from the project showed that the attacker drained 141.2 million H tokens from the Ethereum bridge and minted another 300 million tokens on BNB Smart Chain after gaining access to the compromised keys. 

The sudden influx of roughly 447 million tokens flooded the market and sent prices tumbling across multiple trading venues.

Meanwhile, Humanity Protocol founder Terence Kwok and the project's team rolled out several measures designed to contain the damage. 

A public tracker was launched to monitor wallets linked to the attacker, while addresses associated with the exploit were blacklisted across centralized exchanges and decentralized trading platforms.

The foundation also announced a $1 million USDT bounty for information that could help recover stolen assets. 

According to the project's recovery plan, any recovered funds would be used for open-market token buybacks.

Can H return above $0.80?

Price action over the past week suggests traders have started treating the event as an operational security failure rather than a collapse of the protocol itself.

From a market structure perspective, the token has already recovered a large portion of the losses recorded during the exploit. 

CoinGecko data shows H rebounded from lows near $0.08 to trade above $0.50 during several recovery attempts over the weekend.

Still, reclaiming $0.80 may prove more difficult.

On the daily chart, H remains above its 20-day, 50-day, 100-day and 200-day exponential moving averages, a sign that the longer-term trend has not completely broken down despite the crash. 

H/USDT 1-day price chart. Source: TradingView.

At the same time, repeated rejections between $0.55 and $0.65 have established a significant resistance zone where sellers continue to emerge.

On the 4-hour chart, volume profile data identifies the $0.22 to $0.25 region as the strongest support area formed after the exploit. 

H/USDT 4-hour price chart. Source: TradingView.

Holding above that zone would help preserve the recovery structure, while another move toward $0.60 could test whether enough demand exists to challenge higher resistance levels.

Momentum indicators also present a mixed picture. The four-hour Relative Strength Index remains near 55, according to TradingView data, suggesting bullish momentum has cooled after the initial rebound but has not turned decisively bearish.

Capital flow metrics tell a more cautious story.

The Chaikin Money Flow indicator remains negative on the daily timeframe, indicating that some market participants may still be selling into rallies despite the recovery in price.

Will the rally survive the next test?

Another factor hanging over the market is Humanity Protocol's scheduled June 25 token unlock.

Speculative buying has intensified partly because investors expect the project's recovery measures, including potential buybacks funded through recovered assets, to offset some of the supply pressure created by the exploit. 

Whether that expectation holds will likely determine the next phase of price action.

A sustained move above $0.65 could open the door to another attempt at the $0.80 region. 

However, current chart data suggests buyers must first absorb persistent selling pressure around the $0.55 to $0.65 range before a full recovery becomes realistic.

For now, the token's rebound appears tied to renewed confidence following Quantstamp's findings and the foundation's recovery efforts. 

The recovery has erased a substantial portion of the exploit-driven collapse, but market data indicate that traders are still reassessing the project's value as the June 25 unlock approaches.