The phrase "price hits" means that the value or cost of something reaches a particular level, usually increasing or going above a certain point. Full definition
The stock price hits $ 55, so you are in the money. (creditdonkey.com)
A bull market is a lengthy period when bitcoin prices hit the roof, like in the first half of the year 2017. (bitcoinafrica.io)
As an investor you have an advantage of buying shares when price hits the bottom and selling those shares when price reaches the top. (streetsmartfinance.org)