Hyerlane’s native token, Hyper, expanded his rally for a second consecutive day after the mention on two most important South Korean fairs.
According to data from crypto.news, Hyerlane (Hyper) came up on July 11, morning Asian time to a record high of $ 0.66, before he stabilized almost $ 0.61 at the time of writing. This marks a 100% profit in the last 24 hours and a cumulative increase of more than 450% compared to the last two trade sessions.
The rally unfolded in a clear trade environment with a high volume, with a daily turnover of more than $ 4.1 billion, an increase of more than 3,000% compared to earlier averages. At the same time, the open interest in hyperfuture contracts climbed by 147% to a record of $ 186.5 million, which points to a growing speculative interest and positioning of derivatives traders who anticipate further upward expectations.
This competitive price rating is mainly attributed to the offer of the token in WFD trading on both Upbit And Bithumb.
Although Hyper had previously been available in BTC and USDT pairs on Upbit since the end of May, the earlier offers led to only modest profits. However, the new WFD combinations seem to have improved accessibility and liquidity for South Korean investors, resulting in an immediate increase in buying activities.
The strong demand for the WFD trading savings under South Korean investors is clear from the fact that the majority of today’s trade volume came from Upbit, which registered $ 2.6 billion. Binance and Bithumb, respectively, followed $ 384 million and $ 246 million respectively.
For the non-deded, Hyerlane functions as a permission-free interoperability protocol that offers modular messages and bridging solutions over layer 1 chains, rollups and app-specific chains. It allows developers to implement freely, to configure tailor -made security models and easily build Cross -Chain chain applications.
The Hyper Token feeds the protocol by supporting the use of validators, protocol management and usage incentives.
Hyper price analysis
From a technical perspective, the price of Hyper broke from a falling resistance trend line, which was invalid for three months of Beerarish structure.
Momentum indicators, including the RSI and MACD, are both high in several months, indicating a strong bullish momentum. It is important that neither indicator has yielded a bearish divergence, to support the case for continuous upward movement.

The following significant resistance level is on the psychological $ 7 figure, which, if broken, could open the path for further price discovery.
However, the rally can be confronted with short-term resistance, since the balance balance of the exchange has risen by 34% in the last 24 hours, according to Nansen, now with 34.54 million tokens. This is often a sign that early investors may position to increase the profit, which could introduce some sales pressure in the short term.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.