HYPE’s price hits key level, but is $50 REALLY on the way?

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.