Wormhole price outlook turns bearish after rallying on HyperEVM integration

CoinJournal
CoinJournal
BTC+1.29%
  • The Wormhole (W) price surge has faded as Bitcoin weakness drags the crypto market lower.
  • Technical analysis shows bearish momentum with support at $0.08 under pressure.
  • HyperEVM launch on Wormhole expands cross-chain liquidity and developer adoption.

Wormhole’s cryptocurrency, W, has faced a sharp bearish pullback after briefly rallying on the news of HyperEVM’s integration into its ecosystem.

The much-anticipated integration connected Wormhole to Hyperliquid’s high-performance blockchain, opening new cross-chain liquidity channels.

However, despite the promising expansion of utility, bearish signals across technicals and derivatives have cast a shadow over its price outlook.

HyperEVM integration expands Wormhole’s reach

The HyperEVM launch represents a milestone for Wormhole’s long-term ecosystem strategy.

Notably, HyperEVM brings EVM compatibility directly into Hyperliquid, a performant L1 blockchain capable of...

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