- HYPER surged by 188.4% to $0.2915 after Upbit’s KRW listing and MegaETH testnet integration, leading to 802% volume growth.
- Price broke above 50 and 200-day MAs; RSI hit 70.73 and MACD turned positive, confirming bullish momentum near resistance.
- Support holds at $0.20 and $0.111 (200 MA), while resistance at $0.31 looms; CRSI near 96 signals caution amid strong rally.
Hyperlane (HYPER) recorded a dramatic price increase of 188.4% following a major listing announcement from South Korea’s Upbit exchange. On July 10, Upbit confirmed HYPER’s listing on its KRW market, attracting increased interest from traders.
The listing came one day after Hyperlane disclosed its integration with MegaETH Labs’ testnet. That integration now allows developers to build interchain decentralized applications across over 150 chains, including Solana and Hyperliquid.
On July 10, at the time of writing, Hyperlane was trading at $0.2915, a weekly gain of 168.87% and a monthly rise of 117.6%. Market cap jumped by 152.94% to reach $51.49 million, while the fully diluted valuation was at $293.92 million.
Daily trading volume surged by 802.37% to $204.12 million, giving the token a 24-hour volume-to-market cap ratio of 399.45%.
Price Breakout and Key Technical Changes Support the Surge
Hyperlane’s price behavior displayed a reversal after a prolonged downtrend that started in late April. The token had declined from a high near $0.31 to lows of $0.089 by late June. Price then moved sideways between $0.09 and $0.11, suggesting accumulation.
However, after July 10, a sudden breakout occurred as HYPER surged to $0.291 within a single day. This sharp move breached both the 50-day and 200-day moving averages. The 200-day moving average had shown consistent downward pressure.
The latest price action flipped this trend as the current price moved decisively above it. Momentum indicators confirmed the shift. RSI(7) reached 70.73, showing strong momentum but nearing the overbought levels.
The MACD histogram turned positive after three weeks of bearish divergence, with a new value of +0.00308. A double-bottom pattern formed in late June also supported this upward movement, suggesting bulls may now target the $0.31 resistance, previously touched in April.
Protocol Expansion Adds to Upward Pressure
Beyond the listing, protocol-level developments played a role. On July 9, Hyperlane announced its integration with MegaETH Labs’ testnet. This expansion is its first major step since partnering with Celestia in June.
The integration allows developers to build applications across virtual machines, enhancing its utility. Following this announcement, trading volume surged 822.97%, indicating renewed market attention.
Hyperlane’s utility as a cross-chain infrastructure layer also allows it to support governance participation and staking. According to Upbit, the token may face high volatility and investors should approach with caution. Still, the MegaETH integration positioned HYPER as key infrastructure for cross-VM interoperability moving forward.
Whale Behavior, Volume Patterns, and Key Levels Ahead
Although volume spiked, open interest and market cap behavior showed limited activity from larger investors. CRSI reached near 96, suggesting overbought conditions. Short-term technicals, however, still flashed bullish with a MACD crossover confirmed.
The market is now watching key levels. Support is at $0.20 and the 200-day moving average around $0.111. Resistance is near $0.31, which is April’s local high. Whether HYPER sustains its momentum will depend on continued buying pressure and future integration efforts across more chains.
