Hyperliquid (HYPE) is currently priced at $27.70, reflecting a 4.80% increase over the past 24 hours. The daily trading range has been relatively tight, with a low of $26.15 and a high of $28.25, indicating volatility is contained within a 2.1% span.

Trading volume stands at approximately $350.17 million, constituting 5.30% of the market cap, which suggests healthy market interest and liquidity. The short-term moving averages (SMA) show positive momentum, with the 8 SMA at $27.31 and the 13 SMA at $27.22, both reflecting upward trends of 1.44% and 1.76%, respectively.

The 1-hour RSI is at 66, indicating that HYPE is approaching overbought territory, while the 7-day RSI sits at 55, suggesting a more neutral trend in the medium term. Over the past week, HYPE has experienced a 6.36% increase, and over the past 14 days, it has surged by 14.62%, indicating strong bullish sentiment.

In contrast, the 30-day change reveals a decline of 7.44%, suggesting that HYPE has faced downward pressure in the longer term despite recent gains. The all-time high of $59.30 was reached on September 18, 2025, indicating significant upside potential if the current momentum continues.

Given the recent bullish price action, positive moving averages, and relatively strong volume, the outlook for HYPE appears favorable. However, the elevated short-term RSI indicates caution may be warranted, as a correction could occur if the asset becomes overextended.

Considering all factors, I assign a Buy rating for Hyperliquid (HYPE) based on current bullish momentum and potential for further gains, while advising close monitoring of the RSI for possible entry adjustments.