A clean breakout, rising BTC relative strength, and vanishing supply — HYPER may not stop at $0.57 | Credit: Veronica Cestari
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Key Takeaways
HYPER rebounds 25% in 24 hours to $0.45, supported by a steady decline in exchange supply.
Relative strength vs. Bitcoin shows capital rotation into HYPER as it decouples from the market.
If demand holds, HYPER’s price could target $1.07; otherwise, a drop to $0.23 remains possible.
After hitting an all-time high of $0.67 on July 11, Hyperlane (HYPER) pulled back to $0.35 in the days that followed.
However, that trend appears to be shifting. HYPER is up 25% in the past 24 hours, bouncing back to $0.45.
While the price is still 37% below its peak, the current setup doesn’t resemble a typical dead-cat bounce.
In fact, momentum indicators suggest HYPER may have more room to run.
Hyperlane Demand Meets Depleted Supply
According to data from Glassnode, the HYPER’s exchange supply has steadily declined throughout July. This decline has been a key driver behind the recent Hyperlane price rally.
As seen below, the supply squeeze began on July 9 and has shown no signs of reversal. A falling exchange supply typically signals that holders are moving tokens off trading platforms, reducing the likelihood of near-term sell-offs.
In short, fewer HYPER tokens are available to dump, with holders refraining from cashing out. If this trend is paired with increasing demand, the resulting on-chain supply squeeze could continue to drive HYPER’s price higher.
Beyond the decline in the 30-day supply held in exchange wallets, Santiment data shows Hyperlane’s price performance relative to Bitcoin is climbing.
This relative strength — especially in a choppy market — signals that capital is rotating into HYPER. Should the altcoins continue to decouple from BTC while the latter’s value falls, HYPER might breach key resistance levels.
At the same time, traders might need to watch out for Bitcoin’s dominance (BTC.D). If the BTC.D reverses from its decline, then the Hyperlane price might experience a pushback.
On the daily timeframe, CCN spotted five straight green candlesticks following a breakout from a falling wedge formed during the recent correction.
HYPER has built a buy wall at the $0.35 demand zone. This zone is acting as strong support, making a breakdown below it increasingly unlikely in the near future.
The indicators back it up. The Bull Bear Power (BBP) is in positive territory, showing that buyers are in control.
Meanwhile, the Supertrend’s green line has flipped below the price, reinforcing support and hinting at a sustained uptrend.
If this setup holds, the Hyperlane price could break through the $0.57 resistance, opening the door for a run toward $0.70. With tailwinds from broader market strength, a rally to $1.07 is also on the table.
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.
