Wrapped HYPE (WHYPE) is currently priced at $33.56, showing a 24-hour change of 2.32%. The daily price range indicates volatility with a high of $34.81 and a low of $31.94, reflecting a daily range of 2.87%.

The trading volume stands at approximately $143.55 million, contributing to a volume-to-market cap ratio of 36.89%, suggesting robust trading activity. The hourly moving averages indicate mixed sentiment; while the 21 SMA ($33.49) and 55 SMA ($32.69) are trending positively, the 8 SMA ($34.25) and 13 SMA ($34.13) show slight declines.

The 1-hour RSI is at 57, indicating near-neutral momentum, while the 7-day RSI at 45 suggests bearish pressure over the short term. Price performance over the past week, 14 days, and 30 days shows declines of 11.80%, 16.45%, and 28.74%, respectively, indicating a strong downtrend in the medium term.

Despite the current price being significantly lower than its all-time high of $59.06 reached in September 2025, the recent uptick in daily price suggests potential for short-term recovery. However, the persistent negative price changes over longer periods indicate underlying weakness that could limit upside potential.

Given the mixed signals from technical indicators and the broader bearish trend, a cautious approach is warranted. Therefore, the recommendation is to Hold WHYPE, as short-term recovery potential exists but is overshadowed by longer-term bearish sentiment.