Hyperliquid (HYPE) is currently trading at $25.68, reflecting a substantial 15.44% increase over the last 24 hours. The price has seen a daily range of 3.64%, with a high of $25.55 and a low of $21.91, indicating strong volatility and market interest.

The trading volume stands at 356,389,650, representing 5.85% of the market cap, which suggests healthy liquidity. The short-term moving averages indicate a bullish trend, with the 8 SMA at $24.00 reflecting a 7.02% increase and the 21 SMA at $22.90 showing a 12.14% rise, reinforcing positive momentum.

Technical indicators show a 1-hour RSI of 96, indicating that HYPE is currently overbought in the very short term. However, the 7-day RSI at 59 indicates room for further upward movement before hitting overbought territory, supporting a potential continuation of the recent rally.

From a price action perspective, HYPE has experienced an 8.88% increase over the past week, a 6.48% increase over the past two weeks, but a slight decrease of 1.24% over the past month. This mixed performance suggests that while there is strong short-term momentum, longer-term trends should be monitored closely.

The all-time high for HYPE stands at $59.30, reached on September 18, 2025, suggesting significant upside potential from the current price level. Given the current upward momentum and supportive technical indicators, it appears that HYPE is poised for further gains.

In conclusion, the analysis indicates a Buy rating for Hyperliquid (HYPE) based on strong short-term price action, healthy trading volume, and bullish moving averages. However, caution should be exercised due to the overbought conditions reflected by the 1-hour RSI, warranting monitoring for any potential corrections.