Market Overview for Hooked Protocol/Tether (HOOKUSDT) - 2025-11-02

• HOOKUSDT traded in a narrow range for most of the 24 hours, with a late-day breakout to fresh highs.
• Price found support near 0.0601–0.0602 and tested resistance at 0.0610 and above during the early morning hours.
• Volume spiked during the 05:00–07:00 ET window, coinciding with a sharp move above 0.0610 to a peak of 0.0621.
• A bullish engulfing pattern formed around 06:30–06:45 ET as price broke above a recent consolidation range.
• Turnover increased significantly in the final 4 hours of the 24-hour window, indicating growing interest.

The Hooked Protocol/Tether pair (HOOKUSDT) opened at 0.0600 on 2025-11-01 12:00 ET and closed at 0.0612 by the same time the next day, with a high of 0.0621 and a low of 0.0580. Total volume reached 3,974,416.6, and notional turnover amounted to 240.53 USDT. The price trended sideways initially before a sharp upward movement late in the window.

Price action reveals a consolidation phase from 0.0601 to 0.0609 for most of the day, with a breakout occurring after 05:00 ET. The 20-period and 50-period moving averages on the 15-minute chart converged near 0.0605–0.0606 during the midday hours, suggesting short-term equilibrium. However, the 50-period line began to slope upward after 06:00 ET, aligning with the bullish momentum.

At the peak of the late-day rally, the price touched 0.0621—slightly above the 61.8% Fibonacci level of the prior 0.0601–0.0618 swing. Bollinger Bands expanded during the breakout phase, with the upper band reaching up to 0.0622, indicating increased volatility. Price closed just below this band, suggesting a potential pause for consolidation.

The RSI reached a level of 60–65 during the breakout, which is moderate and not yet overbought, implying the move may continue with room to breathe. MACD showed a positive divergence, with the histogram expanding as price advanced, confirming bullish momentum. However, a lack of volume during the early part of the rally raises questions about the sustainability of the breakout without further confirmation.

A key resistance level appears to have been broken at 0.0610, with the next resistance likely near the recent high of 0.0621 and beyond. A pullback to the 0.0603–0.0605 range may be possible before a continuation. Traders should monitor the 50-period moving average as a dynamic support/resistance level and volume behavior for signs of exhaustion or confirmation.

Backtest Hypothesis
To validate the potential of the recent breakout and assess its sustainability, a backtesting strategy could be designed using MACD crossover signals (12, 26, 9), combined with the 50-period moving average and RSI. Signals would be generated on the 15-minute chart for HOOKUSDT, with long entries on bullish MACD crossovers above the 50-period MA and RSI below 50, and short entries on bearish crossovers below the MA and RSI above 70. A stop-loss could be placed at 2% below/above the entry price, with a take-profit target at 3.5%. If you can confirm the correct ticker (e.g., “HOOK/USDT” or “BINANCE:HOOKUSDT”) or provide MACD crossover dates directly, the backtest can be implemented from 2022-01-01 to 2025-11-02.