Hyperliquid (HYPE) is currently priced at $33.41, reflecting a 24-hour decrease of 4.62%. The daily trading range has been relatively tight, oscillating between a low of $33.21 and a high of $35.23, indicating constrained volatility in the short term.

The trading volume stands at approximately 246.8 million HYPE, with a volume-to-market cap ratio of 2.72%, suggesting moderate liquidity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $33.53 and the 13 SMA at $33.70 both trending lower, while the 144 SMA at $33.29 shows a slight positive momentum.

The RSI metrics reveal significant bearish pressure, with the 1-hour RSI at 31, indicating oversold conditions, while the 7-day RSI at 47 suggests a neutral trend overall. The price has seen a consistent decline over longer periods, with a 7-day drop of 4.21%, a 14-day drop of 6.85%, and a substantial 30-day decline of 17.65%.

Despite the recent downturn, HYPE remains significantly below its all-time high of $59.30 reached on September 18, 2025. This suggests potential for recovery, but the current trend and momentum indicators point to continued weakness in the near term.

Based on the analysis, the recommendation for HYPE is to Hold. The oversold conditions indicated by the 1-hour RSI suggest a potential for a bounce-back, but the overall downtrend and bearish moving averages imply that a more favorable entry point may arise before considering a Buy.