Hyperlane’s native token HYPER surged to record highs following the successful deployment of its Warp Routes 2.0 upgrade, designed to optimize cross-chain liquidity management across blockchain networks.
The significant infrastructure upgrade implements the on-chain settlement protocol Everclear to automate liquidity balancing between multiple source chains. This enhancement simplifies complex cross-chain operations for users and protocols.
The launch propelled the HYPER token price to an all-time high of $0.7053, reflecting a rapid 24-hour surge of approximately 25%. However, initial gains saw a partial correction, with the price stabilizing near $0.5596 during later trading.
Technical assessment suggests HYPER is currently navigating a critical supply zone ranging from $0.5131 to $0.6130. Maintaining a price close above the psychological support level of $0.5604 is viewed as essential for sustaining potential upward momentum.
Crucial dynamic support is established by key Simple Moving Averages (SMAs), including the 50-day SMA at $0.3853, the 100-day SMA at $0.3902, and the 200-day SMA at $0.2455. These levels form a potential safety net for price declines.
Potential downside risks involve heightened selling pressure materializing. A decisive daily close below $0.5604 could trigger a deeper correction phase. Breaching the significant support cluster offered by the 50-day and 100-day SMAs might expose the token to a steeper decline towards the $0.3407 level.