Hyperliquid (HYPE) is currently trading at $33.47, reflecting a 3.79% decline over the past 24 hours. The daily price range has been relatively tight, with a high of $34.81 and a low of $32.94, indicating a 1.87% movement, which suggests market consolidation.

Volume stands at approximately $238.46 million, representing 2.62% of the market cap, indicating a moderately active trading environment. The hourly moving averages show a downward trend, with the 8 SMA at $33.88 and declining up to the 55 SMA at $34.86, signaling bearish pressure across shorter time frames.

The 1-hour RSI is notably low at 26, suggesting that HYPE may be oversold in the short term, while the 7-day RSI at 53 indicates neutrality, showing a lack of strong momentum in either direction. Over the past week, HYPE has experienced a price increase of 7.35%, but the 14-day and 30-day price changes of -11.94% and -22.41%, respectively, highlight a broader downtrend.

The all-time high for HYPE remains at $59.30, reached in September 2025, indicating significant potential upside from the current price. However, the recent bearish indicators and weak RSI readings suggest that the cryptocurrency may face continued pressure before a potential recovery.

Based on the current data, a "Hold" rating is recommended. The low RSI indicates oversold conditions that may present a buying opportunity in the near future, but the prevailing downtrend and bearish moving averages necessitate caution before taking a bullish stance.