Macroeconomic conditions keep weighing on the performance of most crypto assets, but HYPE has proven to be resilient in this unfavorable scenario.
The Relative Strength Index (RSI) has managed to stay above 50, indicating that momentum continues to be on the side of bulls.
The $57 level is the key support to watch right now in case of a retreat, while the $75 target is the most likely zone that bulls will be aiming for in these next few days.
If the price breaks above this mark, a strong short squeeze could help push HYPE to what we see as its most likely mid-term target: $100.
This means a 43% upside potential as long as that breakout happens and makes HYPE one of the few promising tokens in the crypto space right now.
Source: Original Article
