Hyperliquid (HYPE) gains momentum, eyes $50 after strong bullish signals and steady recovery.

Hyperliquid (HYPE) is showing strong bullish momentum after a recovery phase, with price action forming higher highs and lows. The token trades above key moving averages, indicating sustained buying interest. Resistance around mid-$40 is being tested repeatedly, suggesting a potential breakout toward $50. Technical indicators like RSI and stable volume support the positive outlook, signaling a likely continuation of the upward trend.