Hyperliquid (HYPE) is currently trading at $25.77, reflecting a 3.65% increase over the past 24 hours. The daily trading range shows a low of $24.86 and a high of $25.78, indicating relatively stable price movements with a daily range of just 0.92%.

The trading volume stands at approximately $96.9 million, translating to a Vol/Market Cap ratio of 1.58%, suggesting healthy liquidity for the asset. Short-term moving averages indicate upward momentum, with the 8 SMA at $25.46 (+1.22%) and 21 SMA at $25.44 (+1.30%), while the 55 SMA shows a stronger increase at $25.09 (+2.72%).

The Relative Strength Index (RSI) indicates neutral momentum, with the 1-hour RSI at 55 and the 7-day RSI slightly lower at 54. The 7-day price change is 6.38%, reflecting bullish sentiment, while longer-term indicators like the 30-day price change at 10.48% suggest a positive trend.

Despite the positive short-term performance, HYPE is currently significantly below its all-time high of $59.30, which was reached on September 18, 2025. This indicates that while there is upward movement, there is substantial room for growth before reaching previous peaks.

Given the current technical indicators and price performance, I recommend a Buy rating for HYPE. The upward momentum in moving averages combined with a healthy trading volume supports a bullish outlook, and the RSI levels indicate there is potential for further price increases in the short to medium term.