Market Overview for Hooked Protocol/Tether (HOOKUSDT) – 2025-10-14

• Price surged from 0.0662 to 0.0706, closing at 0.0706 with a 6.7% rebound.
• Volatility spiked mid-session, with Bollinger Bands expanding after a pre-market contraction.
• RSI moved into overbought territory, suggesting potential short-term reversal risks.
• Volume surged in the afternoon, confirming the bullish move from 0.067 to 0.0706.
• A strong rejection near 0.0706 (at 16:00 ET) may mark a new intraday resistance.

Hooked Protocol/Tether (HOOKUSDT) opened at 0.0717 on 2025-10-13 12:00 ET and closed at 0.0706 on 2025-10-14 12:00 ET. The pair surged to a high of 0.0758, pulled back to a low of 0.0661, and ended the session at 0.0706. Total 24-hour trading volume amounted to approximately 42,186,425.9 and turnover reached ~$2.99 million. Price action was volatile but directionally mixed, with a late-day rebound from intraday lows.

Structure & Formations

Key support levels were identified near 0.0661 (low) and 0.0655, while resistance emerged at 0.0706 (close) and 0.0758 (high). A bullish engulfing pattern appeared between 23:15 and 00:00 ET, followed by a bearish rejection at 0.0706. A long lower shadow in the final candle (16:00 ET) suggests buyers stepped in after a sharp decline, though this could be interpreted as a potential topping pattern if followed by a lack of follow-through.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the afternoon, confirming a short-term bullish bias. The 50-period MA hovered just below the 0.0700 level, suggesting a potential pivot. Longer-term, the 50/100/200-day MAs remain below current prices, reinforcing that the broader trend remains bullish despite intraday corrections.

MACD & RSI

The 15-minute MACD turned positive mid-session and remained above the signal line, supporting the bullish momentum. RSI surged into overbought territory (above 70) by 16:00 ET, indicating a potential pullback is due. However, the RSI did not show a bearish divergence with price during the late-day rebound, which weakens the case for a strong reversal.

Bollinger Bands

Volatility contracted early in the session before expanding sharply as price surged toward 0.0758. The bands widened significantly, indicating an aggressive move. By the end of the session, price hovered near the upper band at 0.0706, suggesting a potential overbought condition and possible exhaustion in the bullish move.

Volume & Turnover

Volume increased significantly after 16:00 ET, confirming the rebound from 0.067 to 0.0706. Notional turnover rose to over $200k during the late-day surge, suggesting strong conviction in the rally. However, volume dipped during the morning consolidation, indicating a lack of conviction during the pre-breakout phase.

Fibonacci Retracements

Applying Fibonacci levels to the key swing from 0.0661 to 0.0758, the 61.8% retracement level is at approximately 0.0723, which aligns with a major intraday high. The 38.2% level is at 0.0708, which appears to have acted as a minor resistance during the consolidation phase. Price closed just below the 61.8% level, suggesting this area could attract renewed attention in the short term.

Backtest Hypothesis

The technical indicators and price action observed in this 24-hour period could be tested using a similar strategy to the proposed “RSI-Oversold, 1-Day Hold” approach. For example, if the RSI had dropped below 30 during a pullback, a buy signal might have been triggered. Given the current overbought condition, this strategy would likely not have entered during this session, but it could be applied to future corrections. The strategy’s emphasis on capturing short-term rebounds aligns well with the intraday volatility seen in HOOKUSDT, particularly if RSI drops below key levels in the coming days.

Looking ahead, the 24-hour period ends with HOOKUSDT consolidating near 0.0706, which may offer a short-term pivot point. A test of 0.0758 or a retest of 0.0661 could determine the next leg of price direction. Investors should watch for a breakout above 0.0758 or a breakdown below 0.0661, as either could signal a shift in sentiment. As always, overbought conditions and divergences should be closely monitored for potential reversals.