Hyperliquid (HYPE) is currently trading at $29.94, reflecting a 4.04% increase over the last 24 hours. The price has fluctuated within a daily range of $1.59, reaching a high of $30.17 and a low of $28.58, indicating moderate volatility.

The trading volume for the past 24 hours is 231,707,942, corresponding to a volume-to-market cap ratio of 3.26%. The hourly moving averages are bullish, with the 8 SMA at $29.47 (+1.58%) and the 13 SMA at $29.39 (+1.87%), suggesting short-term upward momentum, although the 55 SMA shows a stronger increase at +3.54%.

The Relative Strength Index (RSI) metrics indicate a divergence in market sentiment; the 1-hour RSI stands at 59, reflecting bullish momentum, while the 7-day RSI is at 47, suggesting a neutral to slightly bearish sentiment over the week. Additionally, the 7-day and 14-day price changes are negative at -6.17% and -11.84%, respectively, indicating a recent downward trend, but the 30-day price change shows significant growth of 44.77%, highlighting strong long-term bullishness.

The all-time high for HYPE was recorded at $59.30 on September 18, 2025, indicating substantial room for growth if the market recovers. Given the current price action and technical indicators, the market shows a potential for upward movement, especially with short-term bullish signals present.

In conclusion, based on the current data, the appropriate rating for Hyperliquid (HYPE) is a Buy. The combination of short-term bullish momentum, strong volume, and significant long-term price appreciation potential outweighs the recent bearish sentiment, making it an attractive investment opportunity at this price point.