Market Overview: Hooked Protocol (HOOKUSDT) 24-Hour Analysis

• Hooked Protocol (HOOKUSDT) rose 5.12% in 24 hours, with a key breakout above 0.1125.
• Strong volume confirmed the upward move, particularly in the late ET session.
• RSI approached overbought territory while MACD remained bullish.
• Price found temporary support at 0.1109, but failed to test 0.1091 again.
• Bollinger Bands widened, indicating a period of increased volatility.

Market Overview

Hooked Protocol (HOOKUSDT) opened at 0.1091 on 2025-08-22 at 12:00 ET, reached a high of 0.1149, and closed at 0.1116 by 12:00 ET the next day. Total volume across 24 hours was 7,689,113.4, with a notional turnover of approximately $844,749 (volume × price).

Structure & Formations

The price formed a strong bullish continuation pattern over the 24-hour period, especially between 21:00 and 00:15 ET, with a 15-minute engulfing pattern at 0.1137–0.1141. Key resistance levels include 0.1145 and 0.1149, both tested and rejected. A strong support zone appears to form at 0.1109–0.1113, confirmed by a bearish reversal candle at 0.1117–0.1113 on the 15-minute chart.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have been trending upward, with price trading above both in the final hours. The daily chart shows a longer-term bullish trend, with HOOKUSDT trading above the 50- and 100-period moving averages. The 200-day MA may provide a key support level should the trend reverse.

MACD & RSI

The MACD line remained positive for much of the session, with a strong crossover in late ET hours. The histogram showed expanding momentum, suggesting further upside potential. RSI reached 68 by 00:15 ET, approaching overbought territory, though it pulled back slightly afterward. A break above 70 may signal an overextended move and potential near-term correction.

Bollinger Bands

Bollinger Bands expanded significantly as the price surged above 0.1125, indicating a period of heightened volatility. The price spent much of the day above the upper band, especially between 19:30 and 00:15 ET. A consolidation phase below the upper band in the last 6 hours suggests a potential pause before the next move.

Volume & Turnover

Volume spiked during the key breakout above 0.1137, with a 15-minute volume of 214,127.4. Notional turnover also rose sharply during the same period, confirming the bullish momentum. In contrast, a significant volume contraction occurred in the early morning hours, indicating a pause in accumulation or distribution. Price and turnover aligned well during the upward phase, strengthening the case for continued bullish action.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 0.1091–0.1149 swing, the 0.618 level sits at approximately 0.1126, which was briefly tested and rejected. The 0.382 level at 0.1120 has held as support multiple times. On the daily chart, a larger swing from 0.1085 to 0.1149 suggests the 0.618 retracement at 0.1125 may also serve as a short-term consolidation target.

Looking ahead, Hooked Protocol appears to have broken out into a new range, with a short-term target near 0.1145 and a potential pullback support at 0.1113–0.1117. Traders should watch for a breakdown below 0.1109 as a bearish signal. As always, high volatility and thin order books may lead to sudden reversals.