Market Overview for Hooked Protocol/Tether (HOOKUSDT) – 24-Hour Analysis

• Price fell sharply after an early morning breakout above 0.1032, ending the session near 0.0970.
• Volatility expanded dramatically during the session, with a range of over 6.5%.
• Volume surged in the afternoon and again post-market hours, showing strong conviction in the downward move.
• RSI signaled overbought conditions in the morning, followed by a fast reversion into oversold territory by 12:00 ET.
• Bollinger Bands expanded significantly during the sell-off, indicating a high-volatility environment.

Hooked Protocol/Tether (HOOKUSDT) opened at 0.1005 on 2025-10-08 at 12:00 ET and traded as high as 0.1044 before closing at 0.0970 on 2025-10-09 at 12:00 ET. The 24-hour session saw a high of 0.1044, a low of 0.0940, and a total volume of 7.44 million contracts, with a notional turnover of $743,891.80.

The price action reveals a textbook bearish reversal from a morning breakout that failed to hold. A strong move above 0.1032 triggered short-term bullish momentum, but this failed to sustain, and the price quickly reversed lower. The formation of a bearish engulfing pattern around 19:30 ET and a long bearish shadow at 0.1029–0.1026 signaled weakening momentum and shifting sentiment. Key support levels were identified at 0.1026 and 0.1014, with the latter failing to hold during a late afternoon sell-off. Resistance appears to be forming in the 0.1028–0.1035 range, with repeated failures to hold above these levels suggesting a potential consolidation phase or further bearish extension.

A strong volume spike was observed in the afternoon and again after midnight, coinciding with price declines. This volume increase supports the bearish move, with no divergence noted between price and turnover. The RSI moved rapidly from overbought (70+ early morning) to oversold (30–35 by session close), indicating a fast-paced exhaustion of bullish momentum. Meanwhile, MACD showed a bearish crossover in the late afternoon, reinforcing the downward thrust. Bollinger Bands widened significantly during the sell-off, with the price closing near the lower band, a sign of high volatility and potential continuation risk if the trend remains intact.

The 15-minute Fibonacci retracement levels show 0.1032 as a key psychological level and 0.1019 as a 38.2% retracement from the morning high. The 61.8% level at 0.1008 appears to have acted as a temporary floor. On the daily chart, the 50-period moving average is near 0.1015, with the price currently below the 200-day MA at 0.1035, indicating a bearish bias. The 20-period MA on the 15-minute chart is near 0.1012, suggesting that further support could be found in that area.