Hyperliquid (HYPE) is trading at $46.99, nearing its all-time high of $51.18 set in late August. The altcoin is just 9% shy of this peak, with market indicators pointing to sustained bullish momentum. The Relative Strength Index (RSI) remains above the neutral 50.0 mark, signaling strong buying interest. Additionally, the squeeze momentum indicator suggests a potential breakout, with black dots in the bullish zone and expanding green bars. A breakthrough above $48.70 could pave the way for a new all-time high, though failure to do so might result in short-term weakness.