Hyperliquid (HYPE) is currently priced at $46.48, reflecting a minor 24-hour change of 0.20719%. The daily price range indicates a moderate volatility, with a high of $47.74 and a low of $45.92, leading to a daily range of 1.82%.

The trading volume stands at 180,922,280, representing a 1.16% ratio of volume to market capitalization. Moving averages show bearish trends across shorter timeframes, with the 8 SMA at $47.24 and the 13 SMA at $47.21, both declining by over 1.5%, while the 144 SMA shows a slight bullish indication at $46.13.

The 1-hour Relative Strength Index (RSI) is at 47, suggesting the asset is nearing neutral territory, while the 7-day RSI of 53 indicates a slightly stronger position but still under the overbought threshold. Over the past week, HYPE has appreciated by approximately 3.36%, and over the past 14 days, the price change has been more substantial at 20.94%, indicating a recent upward momentum.

Despite the recent upward trend, HYPE is still below its all-time high of $49.75 achieved on July 14, 2025. The current technical indicators, including the moving averages and RSI readings, show mixed signals, with some resistance at recent highs.

Given the bearish trends indicated by the short-term moving averages and the proximity of the current price to the daily low, caution is advised. The asset shows potential for recovery based on its 14-day price performance, but immediate technical factors suggest a more defensive position is warranted.

Considering all data points, a rating of Hold is appropriate at this time, as there is potential for upward movement in the longer term, but short-term indicators do not support aggressive buying. Monitor closely for signs of reversal or further confirmation before making a buying decision.