Market Overview for Hooked Protocol/Tether (HOOKUSDT)

• HOOKUSDT sees 5.4% 24-hr rally from $0.0572 to $0.0607 on elevated volume.
• Price peaks at $0.0713, a key resistance level, before pulling back to $0.0684.
• Volatility spikes align with key levels, with 20-period MA bullish on 15-min chart.
• RSI overbought near 70 during rally, suggesting potential for pullback or consolidation.
• Volume distribution confirms strength in $0.06–$0.065 range, but diverges near $0.0713.

The Hooked Protocol/Tether (HOOKUSDT) pair opened at $0.0572 on 2025-11-08 12:00 ET and closed at $0.0607 on 2025-11-09 12:00 ET. The price surged to a high of $0.0713 during the session, while hitting a low of $0.0566. Total volume amounted to 56,833,624.4, and notional turnover reached $3,521,905.6. The move above $0.0684 suggests increasing institutional interest but faces resistance at $0.0713, a level it has tested previously.

Structure & Formations

Price formed a bullish continuation pattern as it tested the key resistance at $0.0713, previously a peak in October 2025. A long green candle on 2025-11-08 20:30 ET marked a potential breakout attempt. The subsequent pullback to $0.0684 saw strong support at $0.0667, confirmed by a bullish hammer candle. A doji at 2025-11-09 00:00 ET signals indecision as the market consolidates after the sharp rally.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period moving averages, suggesting short-term bullish momentum. While the 20-period MA is rising, the 50-period MA has flattened, indicating possible consolidation. On the daily chart, the 50- and 100-period MAs are converging, suggesting a potential trend reversal if the 200-period MA is tested.

MACD & RSI

The RSI reached overbought territory (70) during the rally to $0.0713, suggesting a potential pullback. The MACD line crossed above the signal line in late afternoon on 2025-11-08, confirming bullish momentum. However, as the price pulled back, the MACD histogram began to contract, signaling weakening upward momentum. This divergence between MACD and price may indicate a consolidation phase ahead.

Bollinger Bands

Volatility expanded as the price moved up from $0.0572 to $0.0713. The candle on 2025-11-08 20:30 ET breached the upper Bollinger Band, indicating high volatility. The subsequent pullback brought the price back within the bands, with the current close near the middle band. This position suggests a balanced market, neither clearly overbought nor oversold, but with potential for a breakout or consolidation.

Volume & Turnover

Volume spiked sharply during the rally, with the largest 15-minute volume of 5,899,550.5 on 2025-11-08 20:30 ET, confirming the significance of the resistance level. Turnover was proportionally higher during this period, indicating strong participation. Divergence in volume appears after the $0.0713 peak, with reduced trading activity suggesting a potential stall in upward momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.0566 to $0.0713, the 61.8% level sits at $0.0657 and is currently acting as support. The price’s pullback to $0.0684 suggests a strong 38.2% retracement level at $0.0677 may be critical in the next 24 hours. Daily Fibonacci levels indicate $0.0625 as a key near-term support, which the market is testing currently.

Backtest Hypothesis

The HOOKUSDT pair’s behavior around the $0.0713 resistance level aligns with historical patterns from 2022 to 2025. Technical indicators such as RSI and MACD suggest the price may have overextended during the rally. A breakout above $0.0713, if confirmed by sustained volume and a close above that level, could signal a new bullish phase. Conversely, a rejection below $0.0625 may validate bearish sentiment. Traders may consider using these levels as key decision points for entry or exit strategies, while monitoring volatility and volume for confirmation.