Hyperliquid (HYPE) is currently priced at $34.73, reflecting a minor decline of 2.04% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $35.90 and a low of $33.89, indicating limited volatility in the short term.

The trading volume stands at approximately 278.4 million, which is 2.96% of the market cap, suggesting moderate liquidity. The hourly moving averages present a mixed picture, with the 8 SMA showing a slight upward trend, while the 13 and 21 SMAs indicate downward momentum, particularly the 13 SMA which is down 0.95%.

The 1-hour RSI is neutral at 50, indicating a balanced market with no strong directional bias. In contrast, the 7-day RSI at 52 shows a slight bullish inclination, while the 14-day RSI indicates a bearish trend over a longer timeframe, reflecting a price change of -5.12% over that period.

HYPE has experienced a significant 30-day decline of 27.17%, which raises concerns about its short-term sustainability. However, the 7-day price change shows a slight recovery of 1.87%, suggesting a potential for stabilization in the near term.

Despite the recent downturn, HYPE remains well below its all-time high of $59.30 reached in September 2025, indicating substantial room for growth if the market recovers. The overall trend appears to be consolidating, with potential support levels around the 144 SMA at $33.07 providing a buffer against further declines.

In conclusion, given the mixed indicators and recent price performance, a Hold rating is warranted for Hyperliquid (HYPE) at this time. This approach allows investors to monitor for signs of bullish momentum while avoiding the risks associated with a declining trend in the short term.