Hooked Protocol (HOOKUSDT) Market Overview: August 26, 2025

• Hooked Protocol (HOOKUSDT) closed near the session low, reflecting bearish momentum after a midday rebound.
• A notable 15-minute bearish engulfing pattern formed around 20:15 ET, confirming a short-term trend reversal.
• Volatility increased in the final 8 hours, with volume surging by over 400% compared to the first half of the day.
• RSI fell into oversold territory, suggesting potential for a near-term bounce or consolidation.
• Price tested key support at 0.1016–0.1025, failing to break below in the final hour, hinting at short-term buyers.

Hooked Protocol (HOOKUSDT) opened at 0.1068 on August 25 at 12:00 ET, peaked at 0.1078, and closed at 0.1015 on August 26 at 12:00 ET. Total volume reached 51.2 million, while turnover hit 5.25 million USDT. Price declined steadily after a brief midday rebound, with bearish momentum intensifying after 19:00 ET.

Structure & Formations

Price formed a bearish engulfing pattern at 20:15 ET, confirming a shift from short-term bullish to bearish bias. A tight consolidation zone (0.1041–0.1054) broke decisively to the downside after 19:30 ET. The 0.1016–0.1025 range appears to be strong support, with a failed test suggesting potential for a short-term rebound. A doji at 04:45 ET hinted at indecision, but it was quickly invalidated by selling pressure.

Moving Averages

On the 15-minute chart, the 20-period MA (0.1048) and 50-period MA (0.1045) both crossed below price in the final hours, reinforcing the bearish bias. On the daily chart, the 50-period MA is at 0.1061 and the 200-period MA at 0.1074, placing the current price below key long-term averages, suggesting continued bearish pressure.

MACD & RSI

MACD turned negative after 20:00 ET, with the histogram shrinking slightly before a final collapse at 04:00 ET, indicating momentum exhaustion. RSI dropped below 30 in the final hour, signaling oversold conditions, which may trigger a short-term bounce. However, the divergence between rising price and declining RSI suggests a weak bullish case.

Bollinger Bands

Volatility expanded significantly from 19:00 ET onward, with the bands widening from 0.1030–0.1055 to 0.1005–0.1047. Price closed near the lower band at 0.1015, suggesting oversold conditions. The contraction earlier in the day (0.1050–0.1065) failed to act as a reversal signal, as the move was quickly invalidated by a break below 0.1045.

Volume & Turnover

Volume surged in the final 8 hours, with over 16.6 million traded at 00:15 ET and another 17.1 million at 00:30 ET. Turnover increased by over 200% from the session’s first hour to the final hour, confirming bearish conviction. However, volume was relatively low on the initial rebound above 0.1050, suggesting weak follow-through buying.

Fibonacci Retracements

The 0.1045–0.1078 swing saw a 61.8% retracement at 0.1059, which held as resistance. On the daily chart, the 61.8% level of the recent 0.1015–0.1074 move is at 0.1044, where price briefly found support before breaking down. A rebound from 0.1016–0.1025 could test the 38.2% level at 0.1035.

Hooked Protocol could see a short-term bounce in the next 24 hours due to oversold conditions and support holding near 0.1016, but a break below that would open the door to 0.1003. Investors should monitor volume divergence and RSI divergence for signs of a deeper selloff.