Hyperliquid (HYPE) is currently priced at $24.82, exhibiting a 24-hour change of 3.21%. The asset has experienced a daily range of 1.52%, with a high of $25.18 and a low of $23.66, indicating a moderate level of volatility.

Trading volume stands at approximately 158.52 million, representing 2.68% of its market cap, which suggests active trading interest. The hourly moving averages demonstrate bullish momentum, with the 8 SMA at $24.56 showing a gain of 1.06%, while the 55 SMA at $24.33 has increased by 2.00%.

The 1-hour RSI is currently at 71, indicating that HYPE may be overbought in the short term. However, the 7-day RSI of 54 suggests that the asset is still within a neutral range, with room for upward movement without immediate risk of correction.

In terms of longer-term price trends, HYPE has seen a 7-day price change of 0.44%, but the 14-day and 30-day changes are notably negative at -14.36% and -27.08%, respectively. This decline suggests that the asset has been under pressure recently, possibly due to broader market conditions or fundamental factors affecting its valuation.

HYPE's all-time high of $59.30 was reached on September 18, 2025, indicating significant potential upside from the current price level. However, the current bearish trends over the past month need to be addressed for sustained recovery.

Based on the current data, a cautious "Hold" rating is recommended. While there are short-term bullish signals and potential for recovery, the longer-term downtrends indicate that investors should wait for clearer signs of stabilization before entering new positions.