Market Overview: Hooked Protocol (HOOKUSDT) – 24-Hour Analysis (2025-07-21)

• Price surged from $0.1265 to $0.1356 in early hours before retreating to $0.1343 by 12:00 ET.
• A bullish engulfing pattern formed between $0.1295 and $0.1323, signaling potential short-term momentum.
• Volatility spiked with a Bollinger Band expansion following the $0.1319–$0.1356 move.
• Volume peaked at 1.54M during the rally, but turnover lagged, suggesting mixed conviction.
• RSI reached overbought levels above 70, indicating a potential pullback may be near.

Hooked Protocol (HOOKUSDT) opened at $0.1265 on 2025-07-20 at 12:00 ET and closed at $0.1343 on 2025-07-21 at 12:00 ET, with a high of $0.1361 and a low of $0.1246. Total volume over the 24-hour period reached 10,978,769.7 and turnover amounted to $1,447,272.8. Price action displayed a volatile, bullish bias in the early hours, followed by consolidation.

Structure & Formations

Price action on HOOKUSDT revealed a strong bullish breakout between $0.1319 and $0.1356, with a key resistance level forming around $0.1360. A bearish reversal candle formed at $0.1356 with a long upper wick and a doji-like formation, suggesting indecision among buyers. Key support levels appear to be $0.1325 and $0.1295, with the latter showing repeated rejection during pullbacks.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA in the early hours, confirming a bullish crossover. However, by 05:00 ET, the 20-period SMA had dipped below the 50-period SMA, suggesting a potential bearish divergence. On the daily chart, the 50-period SMA sits at $0.1285, with the 100-period SMA at $0.1270 and the 200-period SMA at $0.1260, indicating a longer-term bullish bias.

MACD & RSI

The MACD turned positive in the early hours, confirming the bullish breakout, but has since fallen back into negative territory, aligning with the recent consolidation. The RSI reached overbought levels (above 70) during the $0.1356 high and has since pulled back to 55, suggesting momentum is slowing. A potential RSI divergence is forming, with price making a higher high but RSI making a lower high.

Bollinger Bands

Volatility expanded significantly during the $0.1319–$0.1356 move, with the Bollinger Bands widening to reflect increased market participation. Price has since contracted into the middle band, indicating a period of consolidation. The 20-period Bollinger Bands currently sit at $0.1350 (upper) and $0.1330 (lower), with the middle band at $0.1340, suggesting a potential breakout or breakdown could be imminent.

Volume & Turnover

Volume spiked to 1.54M during the $0.1319–$0.1356 rally, but turnover did not confirm this strength, indicating mixed conviction among traders. A volume divergence is forming, with volume declining as price continues to consolidate near $0.1343. This divergence could signal a loss of bullish momentum in the short term.

Fibonacci Retracements

Applying Fibonacci retracements to the recent $0.1246–$0.1356 move, key levels to watch include $0.1332 (38.2%) and $0.1320 (61.8%). Price is currently consolidating just above $0.1332, suggesting it may test the 61.8% level before finding a new direction. On the daily chart, a Fibonacci extension from the $0.1260–$0.1356 move shows a 161.8% target near $0.1430, though this is speculative without confirmation.

In the next 24 hours, HOOKUSDT may test $0.1360 as a key resistance level or consolidate within the $0.1320–$0.1340 range. Traders should watch for RSI divergence and volume confirmation as signals of potential reversals. As always, market conditions can change rapidly, so investors should remain cautious and use tight stop-loss levels near $0.1320 to manage risk.