Hyperliquid (HYPE) is currently trading at $33.58, reflecting a significant 24-hour change of 28.16%. The asset has experienced a daily range of 7.53%, with a high of $33.73 and a low of $26.20, indicating volatility that could attract short-term traders.

Volume has surged to 807,735,523, equating to 10.09% of the market cap, suggesting strong market interest. The hourly moving averages indicate a bullish trend, with the 8 SMA at $28.88 (+16.26%) and the 21 SMA at $27.81 (+20.75%), providing support levels that reinforce upward momentum.

The 1-hour RSI stands at 84, signaling overbought conditions, while the 7-day RSI at 70 indicates bullish momentum but approaching potential exhaustion. The 7-day price change of approximately 57.78% along with the 14-day and 30-day changes of 30.48% and 28.70% respectively, reflect strong upward performance recently.

The all-time high of $59.30, reached on September 18, 2025, suggests significant upside potential if bullish sentiment continues. However, the current price is approximately 43.5% below this level, indicating that there is still room for growth if demand persists.

Given the strong recent performance and the bullish technical indicators, a Buy rating is recommended. The combination of high volume, bullish moving averages, and significant price changes supports this position, despite the current overbought RSI which suggests caution in the short term.