Chiliz (chz) 
HYPER Token Surges 10% Following Upbit Listing
The price of Hyperlane’s native token, HYPER, jumped 10% today as trading volume more than doubled after its listing on Upbit. This sharp increase saw the price break above the key $0.18 resistance level on the daily chart, hitting an intraday high of $0.20 before retracing to $0.16 at the time of writing. Despite the pullback, HYPER remains above its previous consolidation range of $0.13–$0.15, signaling a short-term bullish trend.
Key Price Levels and Technical Indicators
Today’s intraday wick tested the $0.20 level — a critical horizontal resistance where the price last attempted recovery after a sharp sell-off in April. This move also completed a double-bottom pattern on the 4-hour chart, with a neckline breakout at $0.16. If momentum builds, the next level to watch is $0.20. A decisive close above this resistance could pave the way for the next target at $0.25, which represents the April peak before the breakdown below $0.20.
On the downside, the bullish outlook could be invalidated if the price falls below the $0.13 support level, which has acted as a base for recent consolidation.
Technical Indicators Support Bullish Momentum
Momentum indicators also point to a mildly bullish case. The Relative Strength Index (RSI) is currently neutral at 55, having bounced off the 45 level, suggesting that buyers stepped in before the token entered oversold territory. Additionally, the Moving Average Convergence Divergence (MACD) line has crossed above the signal line, with the histogram flipping green — an early sign of bullish momentum.
On the 4-hour chart, HYPER has broken above the 20-period Exponential Moving Average (EMA) and is holding above it during pullbacks, further supporting the bullish outlook.
HYPER’s Growth and Market Presence
HYPER is the native token of the Hyperlane protocol, a cross-chain interoperability solution launched in 2022. Since its inception, Hyperlane has connected over 100 blockchains and facilitated more than $5 billion in bridged value. The protocol supports multiple virtual machines, including Ethereum and Solana, making it a key player in the interoperability space.
The HYPER token was officially launched on April 22, 2022, and initially saw a surge of 30% from its Token Generation Event (TGE) price of $0.27 to an all-time high (ATH) of $0.36. During its Initial DEX Offering (IDO) on Binance Wallet, HYPER was offered at just $0.03, giving early investors a significant return of over 1,100% at its peak.
Exchange Listings and Market Cap
Since its debut, HYPER has secured listings on several major centralized exchanges, including Binance, KuCoin, Gate.io, Bybit, MEXC, and most recently, Upbit. The token currently holds a modest market capitalization of $28 million, indicating room for growth as demand for interoperability solutions increases.
Final Thoughts
With its recent listing on Upbit and strong technical indicators, HYPER is positioned for potential upside if it can break key resistance levels. As the cryptocurrency market continues to evolve, cross-chain interoperability remains a crucial area of focus, and Hyperlane’s HYPER token could play a significant role in driving innovation within the space.
