Hyperliquid (HYPE) is currently priced at $25.41, experiencing a 24-hour increase of 2.23%. The daily trading range is narrow at 1.43%, indicating a stable price movement within the session with a high of $26.29 and a low of $24.86.

Trading volume stands at approximately $123.14 million, with a volume-to-market cap ratio of 2.03%, suggesting a healthy level of liquidity. Short-term moving averages show a bearish trend, with the 8 SMA at $26.01 down by 2.29% and the 13 SMA at $25.94 down by 2.04%, indicating potential resistance at these levels.

The 21 SMA at $25.61 has a smaller negative movement of 0.76%, while the 55 SMA is slightly bullish at $25.14 with a gain of 1.06%. Meanwhile, the longer-term 144 SMA is positive at $24.73, up by 2.74%, suggesting a potential support zone.

The 1-hour RSI is at 47, indicating a neutral position, while the 7-day RSI at 53 suggests a slight bullish sentiment over the week. However, a more extended analysis shows a 14-day price change of -12.16% and a 30-day price change of -26.82%, highlighting a bearish trend in the longer term.

Despite the recent uptick, the price remains significantly below its all-time high of $59.30 from September 2025. With current technical indicators showing mixed signals and longer-term downtrends, caution is warranted.

Given the current market data, a Hold rating is recommended for Hyperliquid (HYPE). The potential for short-term gains exists, but the bearish trend over the longer term and the resistance at key moving averages suggest that investors should wait for clearer bullish signals before considering a Buy.