Hyperliquid (HYPE) is currently trading at $35.84, reflecting a substantial 15.31% increase over the past 24 hours. The daily range indicates strong volatility, with a high of $38.14 and a low of $31.08, underscoring active market participation.

The trading volume stands at $1.07 billion, translating to a 12.48% ratio against market capitalization, suggesting robust investor interest and liquidity. The short-term moving averages indicate a mixed sentiment; the 8 SMA and 13 SMA are declining, while the 21 SMA, 55 SMA, and 144 SMA are showing positive momentum, particularly the 55 SMA, which is up 11.49%.

The 1-hour RSI is at 65, signaling that HYPE may be approaching overbought conditions, while the 7-day RSI at 52 suggests a neutral trend in the mid-term. Over the past 30 days, HYPE has increased by approximately 42.06%, which supports a bullish sentiment overall.

Despite the recent price surge, HYPE is still approximately 39.7% below its all-time high of $59.30 reached on September 18, 2025. Given the upward trends in the longer moving averages and the strong price performance over recent weeks, there is potential for continued growth, although caution is warranted due to short-term overbought signals.

Considering all data points, a Buy rating is appropriate for HYPE, driven by solid price momentum, significant volume, and positive long-term moving averages. However, investors should be mindful of potential corrections, especially in the short term, as indicated by the overbought RSI conditions.