HYPE’s price hits key level, but is $50 REALLY on the way?
Main Idea
Experts predict Hyperliquid (HYPE) could reach new all-time highs, with key price levels and technical indicators suggesting potential upward momentum, though a correction may occur first.
Key Points
1. HYPE's price increased by 4.5% in 24 hours and 27% over the past week, reaching $45.50 at press time.
2. Key liquidation levels are $44.25 (lower) and $47 (upper), with predictions suggesting HYPE could rise to $50 or $60.
3. Technical analysis indicates HYPE is in an uptrend, but a price correction may occur before further gains.
4. HYPE's Relative Strength Index (RSI) is at 60, indicating room for continued upward movement.
5. Total Value Locked (TVL) for HYPE has reached a new high, potentially supporting further price increases.
Description
A key level is here, but what does that mean for the road ahead?
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