HYPER/USDT REVIEW
Here’s the latest overview for HYPER/USDT (Hyperlane token against Tether):
📈 Recent Performance
24-hour price surge: ~324% increase, likely fueled by a listing on Upbit (KRW market) on July 10, 17:00 KST .
Weekly/monthly moves: +37% over the past week and +5.5% month-to-date on TradingView .
Technical Analysis
Momentum indicators (RSI and MACD) are currently at multi‑month highs but not yet showing bearish divergence, suggesting room for continuation .
Elliott Wave setup: Analysts see an ongoing correction (Wave 4) after a parabolic move. Support appears at $0.19–0.20), potentially heading next to ~$0.432 .
Chart patterns: Falling wedge formations visible on 1–4 hour charts, typical precursors to bullish reversals .
Short-term AI-based scan: DYOR noted a StochRSI oversold condition alongside a “Three Outside Down” pattern—a mixed signal that implies a possible bounce after retracement .
Fundamental & Market Drivers
Upbit listing in South Korea – this high-profile exchange debut often triggers large inflows; measures to control volatility were in place (e.g., no market orders for the first 2 hours) .
Interoperability appeal – Hyperlane serves cross-chain messaging/asset transfers, a strong use case in current crypto infrastructure .
Volume surge – 24h trading volume spiked 1,000%, reaching ~$192M .
Key Levels to Watch
Level Importance
**$0.20–0.28** Potential support zone (0.5–0.618 Fib retracement)
$0.43 Next upside pivot (target of wave count)
$0.55–0.65 Possible near-term resistance (intraday high today)
Retest Concern Should price reclaim wedge support and 55 EMA, bullish continuation may see new highs
