HYPER charts flash bearish signals after losing half its value | Credit: Veronica Cestari
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Key Takeaways
Hyperlane has dropped 52% from its July peak, forming persistent lower highs and lower lows.
Indicators, including negative CMF, BBP, and a MACD crossover, reinforce intense selling pressure.
If bearish momentum holds, HYPER risks sliding to 0.23; however, demand could spark a rebound.
Hyperlane (HYPER) has erased more than half of its value since peaking in July. Last month, it rallied to an all-time high of $0.69, sparking optimism that it could break through $1.
That optimism has since faded. HYPER now trades at $0.33, a 52% drop from its peak.
While some holders may still hope for a rebound to those highs, indicators suggest that such a recovery is unlikely to play out this month.
Hyperlane Lower Highs Persist
Since reaching its all-time high, Hyperlane’s price has consistently formed lower highs and lower lows, signaling a clear bearish trend. This pattern reflects persistent selling pressure and weakening demand, which weighs on the token’s ability to recover.
Amid the decline, the Chaikin Money Flow (CMF) has slipped below the zero line, signaling capital outflows and reinforcing bearish sentiment.
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At the same time, resistance has stacked up at $0.40, $0.44, and $0.52, levels that bulls need to reclaim to shift momentum back in their favor.
Until then, these barriers will likely keep Hyperlane’s price recovery attempts capped. Besides that, the Bull Bear Power (BBP) has fallen into negative territory, confirming that sellers currently hold the upper hand.
If this trend remains the same, HYPER’s price risks declining to the support at $0.30.
Hyperlane’s social dominance has slipped to 0.077%, reflecting a decline in market attention and community chatter around the token.
Lower social dominance translates to weaker hype-driven demand, limiting short-term buying pressure and making it harder for a token to rebound when technicals already lean bearish.
Therefore, if the metric continues to drop, Hyperlane’s price might struggle to bounce.
On the daily chart, Hyperlane’s price has continued to print lower highs and lower lows throughout August, reinforcing its persistent bearish structure.
Adding to the weakness, the Moving Average Convergence Divergence (MACD) has flashed a bearish crossover, with the 12-day EMA (blue) sliding below the 26-day EMA (orange).
This signal points to strengthening downside momentum and suggests that selling pressure may continue to dominate in the near term.
Without a change in the setup, the altcoin might drop below the lower trendline of the support line. If that happens, HYPER might drop to $0.23 near the 0.236 Fibonacci retracement level.
In a highly bearish scenario, HYPER might drop below $0.20. On the contrary, if demand for the token increases again, this prediction might be invalidated.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
