Hyperliquid (HYPE) is currently trading at $32.03, reflecting a slight 24-hour change of 0.87269%. The daily trading range shows volatility, with a high of $32.29 and a low of $27.91, indicating a 4.38% price fluctuation within the last 24 hours.

Trading volume stands at approximately 787 million, which constitutes 10.30% of its market cap, suggesting a healthy level of trading activity. The hourly moving averages indicate bullish momentum, with the 8 SMA at $29.20 reflecting a 9.71% increase, while longer-term averages also show positive trends, signaling potential upward price movement.

The 1-hour RSI is at 65, indicating that HYPE is approaching overbought territory but is not yet excessively high. Meanwhile, the 7-day RSI at 58 suggests that the asset is in a relatively stable range without being overextended, indicating potential for further gains.

Over the past week, HYPE has seen a price increase of approximately 37.89%, and a 14-day increase of 26.11%, reflecting strong positive momentum. The 30-day price change of 31.42% further supports this trend, showing that HYPE has been in a consistent upward trajectory.

Despite being 45.9% off its all-time high of $59.30 reached on September 18, 2025, current market conditions and technical indicators suggest a recovery may be underway. The combination of bullish moving averages and favorable RSI levels indicates that HYPE has potential for continued upward movement.

Based on this analysis, the recommendation is a Buy rating. The positive momentum in both short-term and long-term indicators, along with strong trading volume, supports the case for increased investments in Hyperliquid at its current price level.