Hyperliquid (HYPE) is currently trading at $27.14, reflecting a 24-hour change of 2.61%. The daily range shows a fluctuation between $26.22 and $27.89, indicating moderate volatility with a daily range of 1.67%.

The volume stands at approximately 216.99 million, contributing to a market cap ratio of 3.36%. Moving averages reveal a bearish sentiment in the short term, with the 8 SMA and 13 SMA both below the current price, suggesting potential resistance ahead.

The 21 SMA is slightly above the current price, showing a minor upward trend, while the 55 SMA indicates a more significant resistance at $26.95. The longer-term 144 SMA at $28.50 indicates that the price is still facing downward pressure relative to this level.

The RSI metrics indicate neutral to bearish momentum, with the 1-hour RSI at 50 suggesting equilibrium in buying and selling pressure. In contrast, the 7-day RSI at 47 hints at potential weakness, suggesting that the asset may be nearing oversold conditions after a 7-day price drop of approximately 7.58%.

Fundamentally, HYPE is down 4.77% over the last 14 days but has shown a strong recovery of 21.68% over the past 30 days, indicating volatility in investor sentiment. The asset remains significantly below its all-time high of $59.30, which it reached on September 18, 2025, indicating potential upside but also highlighting a risk of continued downward pressure.

Based on the current analysis, the recommendation is to Hold. While there are short-term bearish indicators with moving averages and RSI trends, the positive 30-day performance may provide support for future recovery. Caution is advised, as resistance levels remain strong, and further downside could occur if momentum shifts negatively.