Hyperlane Price Soars Over 147% Following Bithumb and Upbit Listing – Bulls Eye $0.40
Highlights:
- Hyperlane has seen a price increase of more than 147% to trade at 0.34 following its listing on Bithumb and Upbit.
- The trading in the market has also spiked, with the trading volume increasing by 700%.
- Technical indicators suggest that there are conditions of overbuying, indicating a potential short-term reversal.
As of 10 July, the price of Hyperlane has increased by more than 147% to $0.34, before retracing to $0.22. The volume of trade has increased significantly by more than 700%, indicating strong market activity. The new rally is after the listing of two of the most successful cryptocurrency exchanges in South Korea, Bithumb and Upbit.
📢 New Listing
🚀 하이퍼레인(#HYPER) 원화 마켓 추가 안내
🚀 $HYPER/KRW will be listed on #Bithumb!🔸 Details : https://t.co/CEQZpupadZ #Bithumb #HYPER @hyperlane pic.twitter.com/fm48jKzMye
— Bithumb (@BithumbOfficial) July 10, 2025
The listing of $HYPER/KRW on Bithumb is expected to have a direct impact on price movement. Hyperlane’s listing marks another step toward a promising future for the entire DeFi space. It also highlights the direction in which altcoins and niche tokens are likely to thrive with the backing of exchanges, which provide them with the necessary exposure and visibility.
Moreover, the volume and open interest of Hyperlane derivatives, as depicted in the analysis of derivative data, increased tremendously. The volume had increased by more than 3700% to $1.21 billion. Additionally, the open interest has soared by 539% to a high of $80.85 million in just 24 hours.
These numbers not only demonstrate high engagement in the market but also an increase in demand in the spot and derivatives markets of $HYPER. The long-to-short ratio sits at 0.99, indicating a general bullish outlook in the HYPER market.
Hyperlane Price Meteoric Rise
A quick glance at the HPER/USD daily chart reveals a meteoric rise, with a spike of approximately 192% from its recent low of $0.1173. This recent rise is driven by increased investor interest and recent listings on the South Korean exchanges. The bulls are currently in control, with the immediate support at $0.12 area. If this support holds, the bulls might reclaim the $0.34 mark before correcting due to overbought conditions.
The RSI (Relative Strength Index) of Hyperlane is currently at 85.02, indicating that the coin is in an overbought state. This indicates a potential minor market correction in the Hyperlane market. The MACD (Moving Average Convergence Divergence) appears to be upholding a buy signal, reinforcing the bullish grip.
Overbought Conditions Signal a Cool Off Before a Rally In HYPER
The Hyperlane price is showing a strong bullish momentum, as the bulls gain dominance in the market. However, the overbought RSI cautions of a potential retracement in the near term. In such a case, the bulls may find support at $0.19-$0.12 safety nets. This will allow the bulls to sweep through liquidity before initiating another rally.
On the other hand, the rising trading volume and bullish technical indicators may see the Hyperlane price reclaim the $0.34 area. This will only occur if the $0.22 support zone is maintained. In such a case, the bulls could continue to show strength as they target the $0.34-$0.40 highs. In the meantime, traders should closely monitor the overbought conditions to carefully escape the bull trap.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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