🚀 HYPE Price Targets $50 as Hyperliquid Smashes $2B Barrier – Next Stop Moon?

Hyperliquid just flipped DeFi''s playbook—scaling past $2B TVL while TradFi banks still struggle with their blockchain POCs.

HYPE''s 30% weekly surge smells like a gamma squeeze brewing. Market makers are scrambling as perpetuals volume hits record highs.

Liquidity begets liquidity. With Hyperliquid''s order book depth now rivaling CEX giants, that $50 target looks increasingly like a pit stop rather than a destination.

Of course, this being crypto, the ''milestone'' could just be another VC unlocking their tokens. But for now? The algos are buying the dip like there''s no tomorrow.

HYPE price technical analysis

The eight-hour chart shows the HYPE price has been in a strong uptrend in the past few months, moving from a low of $9.29 in April to $40 today. It has moved above the ascending trendline that connects the lowest points since May 12. 

Hyperliquid token is above the 50-period and 100-period moving averages and the key support at $39.94, the highest point in May. Therefore, the token will likely continue rising as bulls target an all-time high of $43.95. A MOVE above that level will point to more gains, potentially to the psychological point of $50.