• 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 processing 200,000 orders per second with billions in daily trading volume.

By integrating with Wormhole, HyperEVM enables cross-chain liquidity access while allowing developers to deploy ERC-20s and interact with HyperCore’s deep on-chain order books.

Users can now move assets seamlessly between HyperEVM and Wormhole’s 40+ supported blockchains through the Wormhole Portal.

Developers, on the other hand, can integrate token transfers into their applications with just a few lines of code using Wormhole Connect.

A rally cut short

The initial market reaction to the HyperEVM announcement was strong.

On August 29, Wormhole surged more than 33% in just a few hours, climbing from $0.079 to $0.106 as traders rushed in to bet on a longer-term upside as the integration unlocked asset transfers between HyperEVM and over 40 blockchains.

However, the enthusiasm was short-lived.

As Bitcoin (BTC) slipped below $110,000, Wormhole lost momentum and began to slide back toward the $0.08 support zone.

By the close of trading, much of its intraday gains had evaporated. The sharp rejection at the $0.085 mid-range resistance underscored how fragile the rally had been.

Technical analysis flash warning signs

Price charts confirm that Wormhole (W) remains under heavy bearish pressure.

On the weekly timeframe, the token has been unable to break past its swing highs, with resistance set near $0.104 and support at $0.054.

Since April, it has made new swing lows, leaving its broader market structure tilted to the downside.

The daily chart highlights a defined trading range between $0.071 and $0.098. While volatility has picked up, momentum indicators are pointing in the wrong direction for bulls.

The Chaikin Money Flow (CMF) remains negative at -0.21, suggesting consistent capital outflows from the market.

The Awesome Oscillator has also tilted toward weak bearish momentum, while the Stochastic RSI is approaching overbought conditions that could signal another downward move.

Short-term action is equally cautious. On the two-hour chart, Wormhole (W) is hovering above the $0.08 order block, a level that recently provided the base for its rally.

If the support at $0.08 gives way, the path toward the lower end of the range near $0.071 becomes more likely.

Wormhole derivatives show retail optimism, but risk looms

Data from Coinglass reveals an interesting split between retail traders and top accounts.

The overall W derivatives trading volume has fallen sharply by 48% to $532 million, even as open interest rose slightly to $75 million.

In addition, the global long-to-short ratio stands below parity at 0.95, reflecting a mild short bias.

However, on Binance and OKX, account ratios showed a clear lean toward longs, with retail traders heavily positioned for a rebound.

In contrast, top traders’ positions were almost evenly balanced, hinting at a hedging stance rather than conviction.

This divergence leaves retail longs vulnerable if the broader bearish trend continues.

• The coin has expanded its presence beyond Ethereum.
• Users can now enjoy streamlined cross-chain swaps through Stargate Finance.
• Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days.

Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy.

Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours.

Intensified profit-booking after the recent growth contributes to PENDLE’s weakness.

However, the altcoin appears poised for a significant rebound as bullish catalysts emerge.

The team has confirmed that PENDLE is officially live on HyperEVM and BeraChain.

$PENDLE token is now live on @BeraChain and HyperEVM!

You can now easily bridge between Ethereum <> BeraChain <> HyperEVM via @StargateFinance pic.twitter.com/J59WnGAqYH

— Pendle (@pendle_fi) July 30, 2025

It represents a key step in Pendle’s multi-chain ambitions as it aims to push boundaries in decentralized finance (DeFi) yield trading.

Meanwhile, the expansion comes as the altcoin experiences bullish sentiments.

Data show PENDLE had the highest positive sentiments across all DeFi currencies over the past week.

With more individuals exploring Pendle, is a significant breakout on the horizon?

Pendle smoothens cross-chain access

The best thing about this development is the Stargate Finance integration.

It allows users to bridge between Ethereum, HyperEVM, and BeraChain smoothly.

That means users can access Pendle’s flourishing ecosystem regardless of their chain.

Moreover, the integration promises less friction, faster access, and fewer fees.

This is a game-changer for investors and DeFi enthusiasts.

Stargate’s bridge promises smoother capital flow across chains to solve one of the primary bottlenecks in DeFi – interoperability.

Furthermore, the move unlocks more utility for the PENDLE token in new liquidity hubs as HyperEVM and BeraChain protocols navigate Pendle’s yield markets.

Positive sentiments dominate the Pendle ecosystem

Multiple tracking platforms show PENDLE was the most positively discussed DeFi project over the past week.

Pendle has highest Positive sentiment in last 7 days in all of defi .$PENDLE pic.twitter.com/Wt50IwG3GO

— Smartmoney_Detective (@NaveenCypto) July 29, 2025

It is beyond price actions.

The trend reflects the depth and tone of conversations about Pendle on crypto forums and social platforms like X and Telegram groups.

Such sentiments often indicate market direction.

It shows smart money watching the assets and possibly repositioning before bullish catalysts surface.

Rising bullish chatter and listing on new platforms shows Pendle is attracting attention and confidence as it solidifies its presence in the DeFi industry.

PENDLE price outlook

The altcoin traded in red, losing over 2% in the past 24 hours.

PENDLE hovers at $4.37, with a weakening trading volume reflecting dominant bearish tendencies in the broad market.

Also, it experienced considerable profit-taking after the latest rally from $3.2633 on 4 June to last week’s $4.8747.

Nonetheless, PENDLE hasn’t ruined its bullish structure. It trades well above the key support barriers of $3.60 and $2.80.

Continued declines to these levels could catalyze massive buying interest, if history repeats itself.

Bullish bounce-backs may clear the path for stable rallies toward $5.20 before extending to the psychological barrier at $7.

That would be an approximately 60% increase from PENDLE’s market price.

However, the $6.0 – $6.5 region will be a vital breakout area.

A decisive weekly closing above this zone could trigger intensified buying and propel PENDLE to the target at $12.0 – $14.