Hyperliquid (HYPE) is currently trading at $47.05, reflecting a 24-hour price change of 2.20%. The asset reached its daily high of $47.05, indicating strong resistance at this level, while the daily low was $45.17, demonstrating a 1.88% range over the past 24 hours.

Trading volume stands at approximately $392 million, with a Vol/Market Cap ratio of 2.50%, suggesting moderate liquidity and investor interest. The short-term moving averages indicate bullish momentum, as the 8 SMA at $46.08 and the 13 SMA at $46.15 both show positive changes of 2.10% and 1.94%, respectively.

The 21 SMA at $45.98 is also trending upward at 2.33%, while the longer-term 55 SMA and 144 SMA exhibit significant gains of 7.19% and 15.03%, respectively. These technical indicators collectively signal a strong bullish trend, as shorter-term moving averages are above longer-term ones, indicating positive price momentum.

The 1-hour RSI of 67 suggests that HYPE is approaching overbought conditions, while the 7-day RSI of 62 reflects continued bullish sentiment. Despite this, the recent 7-day price change of 19.38% and a 14-day change of 26.56% demonstrate robust performance, underscoring the asset's upward trajectory.

Given that HYPE recently hit its all-time high of $47.05, which it matched today, it faces a critical resistance level. A sustained break above this price could trigger further buying interest, while a drop below the 8 SMA might indicate a reversal.

Based on the current data, the recommendation for Hyperliquid (HYPE) is a Buy. The combination of strong bullish indicators, solid volume, and recent price performance supports the potential for continued upward movement, making it an attractive investment at this time.