Hashflow Surges 86.9% as Trading Volume Expands

Hashflow (HFT) experienced a remarkable surge, with its price increasing by 86.9% within a 24-hour period, reaching a high of $0.1549. This significant price movement was driven by a breakout from a descending wedge pattern on the daily chart, which was accompanied by strong trading volume. The breakout pushed HFT beyond its key support level of $0.07035 and brought it closer to the upper resistance area of $0.151. The surge in HFT's price was supported by increased trading activity and broader volume expansion, with over 797.71 million tokens traded during this period.

Meanwhile, Hooked Protocol (HOOK) was trading at $0.08805, showing a 4.6% decline despite technical indicators reflecting a similar chart structure to HFT’s prior setup. HOOK is currently forming a descending wedge pattern, with a projected 207% potential move. However, HOOK faces resistance at $0.1018 amid modest volume and intraday rejection. The current price sits at $0.08805, with nearby support at $0.08367 and resistance at $0.1018. The price has ranged between $0.0885 and $0.1039 during a single session, indicating relatively low volatility compared to the sharp expansion seen on HFT.

HFT had been trading inside a falling wedge structure before the recent surge. The breakout occurred with strong momentum, taking the price from below $0.07 to a daily high of $0.1549. The asset moved past short-term resistance at $0.14, supported by increased trading activity and broader volume expansion. HFT’s BTC and ETH trading pairs both gained 88.8%, reflecting cross-market strength. The range between $0.07035 and $0.151 has now defined the current support and resistance structure for short-term monitoring.

While HFT rallied, HOOK remained within a downtrend channel but is now testing a potential breakout zone. The current price sits at $0.08805, with nearby support at $0.08367 and resistance at $0.1018. On the chart, a descending structure mirrors HFT’s earlier price action before its upward movement. A projected upside move on HOOK charts suggests a potential gain of 207.73%, based on the height of the wedge. However, current market action shows only a 5.73% daily gain at $0.0978, followed by intraday rejection. HOOK 24-hour trading volume is comparatively modest: 36.70 million. While HOOK’s BTC pair declined 4.1%, it remained near the previous daily average. Continued observation of the $0.1018 resistance zone may provide further insight into upcoming movement.