Hyperliquid (HYPE) is currently priced at $28.37, reflecting a 5.57% increase over the past 24 hours. The daily trading range has been relatively tight at 2.16%, with a high of $28.98 and a low of $26.82, indicating a moderate level of volatility.

Trading volume over the last 24 hours stands at approximately $340.93 million, contributing to a volume-to-market cap ratio of 5.05%. This volume suggests active trading interest, which is critical for liquidity, although it remains lower than average for major cryptocurrencies, indicating potential caution among investors.

The moving averages present a mixed picture; the 8 SMA is slightly bullish at $28.16 (+0.76%), while the 13 SMA is neutral at $28.39 (-0.08%). Conversely, longer-term SMAs indicate bullish momentum with the 55 SMA at $27.27 (+4.02%) and the 144 SMA at $28.36 (+0.03%), suggesting underlying strength but with possible resistance at the current price level.

The Relative Strength Index (RSI) readings indicate that HYPE is approaching neutral territory, with a 1-hour RSI at 46 and a 7-day RSI at 48. This indicates that the asset is not yet overbought or oversold, reflecting a potential consolidation phase, especially considering the 7-day price change of -1.22% and a 14-day decline of 6.82%.

Despite a recent increase, HYPE is still trading significantly below its all-time high of $59.30 reached on September 18, 2025, suggesting that there is room for growth. The 30-day price change of +4.59% indicates a slight recovery trend, but the longer-term shifts remain a concern for investors.

Given the current price dynamics, mixed moving averages, and RSI levels, the recommendation is to hold HYPE at this time. The asset is showing signs of stabilization, but key resistance levels must be monitored closely for any breakout potential or renewed selling pressure.