CYBER Price Explodes After Upbit Listing

Key Takeaways

Upbit listed Cyber on Aug. 12, causing the price to increase 200%.
The CYBER price reached a high of $5.33 but has fallen since.
Can CYBER sustain its increase, or will the pump fade?

The recent Cyber (CYBER) listing on South Korea’s largest exchange, Upbit, sent the token’s price soaring by over 200% in a single day.

Previously, Omni Network (OMNI) and Hyperlane (HYPER) pumped similarly after Upbit listed them.

This surge briefly pushed CYBER to a high of $5.33 before selling pressure brought it back below the key $5 resistance level.

CYBER could continue consolidating within a horizontal range until it breaks above this resistance.

Cyber Upbit Listing

On Aug. 12, Upbit, the largest cryptocurrency exchange in South Korea, announced it launched trading pairs for CYBER/KRW and CYBER/USDT.

Despite its surge in market cap, X mentions for CYBER have been steady in the past 30 days.

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CYBER Price Analysis

Today, the CYBER price broke out from an ascending parallel channel that had existed since March.

CYBER’s breakout reached a high of $5.33, but the price plunged shortly afterward, falling below the $5 horizontal resistance area.

The daily candlestick creates a massive long upper wick, which does not bode well for future trends.

CYBER Horizontal Range — CYBER/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

Moreover, the fact that the $5 resistance area rejected the CYBER price creates a horizontal trading range for the foreseeable future.

As a result, the most likely future movement is consolidation between $2.50 and $5 until the trend resolves.

Whether the CYBER price breaks out or falls below this range will determine the direction of the future trend.

The data for the two previous tokens listed in Upbit do not help analyze how much of the price increase will be sustained.

OMNI (purple) fell after its listing but has regained its footing since and moved to new highs.

HYPER and OMNI — Custom Daily Chart | Credit: Valdrin Tahiri/TradingView

HYPER (black) did not fare so well. Shortly after listing, the token created a double top pattern, falling nearly 50% since its high.

So, an initial short-term decline is likely, but the direction of the future trend is still unclear.

What’s Next?

CYBER’s breakout from its long-term channel shows strong short-term momentum, but the rejection at $5 raises caution.

If the price remains trapped between $2.50 and $5, sideways action is likely before a decisive breakout or breakdown occurs.

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Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

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