Hyperliquid (HYPE) is currently priced at $25.21, experiencing a 24-hour change of -2.76%. The daily trading range is relatively tight at 1.06%, indicating a period of consolidation after the recent volatility.

The volume over the last 24 hours stands at approximately $104.67 million, with a volume-to-market cap ratio of 1.74%. The short-term moving averages indicate downward pressure, with the 8 SMA at $25.92 showing a decline of 2.75% and the 13 SMA at $25.96 down 2.89%.

The one-hour RSI is at 32, suggesting that HYPE is nearing oversold conditions in the short term, while the 7-day RSI at 51 indicates a neutral position. Recent price changes reflect a mixed trend, with a positive 7-day change of approximately 4.86%, but a significant decline of around 30.68% over the past 30 days.

Technically, the presence of the 144 SMA at $24.94, which is showing a slight upward trend of +1.08%, may provide some support. However, the overall trend indicates bearish momentum, as evidenced by the decline in both the 14-day price change and the short-term moving averages.

Given the current market conditions, including a recent decline, low RSI readings, and bearish moving averages, a cautious stance is warranted. The data suggests that while there may be short-term fluctuations, the overall trend remains negative.

Recommendation: Hold. This position allows for monitoring further developments and potential reversal signals without committing to additional downside risk.