Wrapped HYPE (WHYPE) is currently trading at $36.95, reflecting a significant decline of 12.66% over the past 24 hours. The price has moved within a daily range of $36.97 to $43.16, indicating heightened volatility in the market.

The volume of 364,683,479 suggests strong trading activity, with a volume-to-market cap ratio of 108.31%, indicating that the market is relatively liquid. However, the current price is substantially below key moving averages, with the 8 SMA at $38.82, which represents a 4.81% deviation, and the 144 SMA at $44.92, showing a more significant 17.74% gap.

The 1-hour RSI stands at 32, indicating that WHYPE is nearing oversold territory, while the 7-day RSI at 38 also reflects bearish momentum. The price has decreased by 23.86% over the past week, suggesting a sustained downward trend over both the short and medium term, with 14-day and 30-day price changes at -18.72% and -32.86%, respectively.

Despite the recent downturn, WHYPE has not approached its all-time high of $59.06, established on September 18, 2025. This indicates that there may be potential for recovery if market conditions stabilize, but current technical indicators suggest continued selling pressure.

Given the bearish momentum indicated by both the RSI metrics and moving averages, along with the recent price action, the recommendation is to Hold. Investors should monitor for signs of stabilization and potential reversal before considering a Buy, as the current market dynamics suggest further downside risk in the near term.