Market Overview: Hooked Protocol (HOOKUSDT) 24-Hour Price Action and Technical Trends

• Hooked Protocol (HOOKUSDT) rose from $0.1110 to $0.1205 before consolidating, forming a bullish continuation pattern.
• Momentum accelerated during the early hours of July 26, with RSI briefly entering overbought territory.
• Volatility expanded during the rally phase, with Bollinger Bands widening in response to increased buying pressure.
• Volume spiked sharply during the $0.1190–$0.1205 rally, confirming price strength and investor participation.
• A 61.8% Fibonacci retracement level at $0.1175 now acts as a key support, with a 38.2% level at $0.1190 offering potential resistance.

Hooked Protocol (HOOKUSDT) opened at $0.1110 on July 25 at 12:00 ET, surged to a high of $0.1205, and closed at $0.1170 by 12:00 ET on July 26. Total volume reached 10,294,960.0 units, while turnover amounted to approximately $1,193,752.20, indicating strong participation during the bullish breakout phase.

Structure & Formations

The price of HOOKUSDT formed a bullish continuation pattern from $0.1110 to $0.1205, with a notable 15-minute bullish engulfing pattern at 01:15 ET on July 26. A key resistance level appears to be forming near $0.1205, while a 61.8% Fibonacci retracement at $0.1175 now acts as a potential support. A doji at $0.1185 on the 24-hour chart suggests indecision among traders following the rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside during the early morning rally, reinforcing the bullish bias. On the daily chart, the price remains above the 50-period and 100-period moving averages, suggesting a longer-term uptrend is intact, though the 200-period MA has not yet confirmed a full breakout.

MACD & RSI

The MACD turned bullish during the rally, with a positive histogram indicating increasing momentum. The RSI reached 72, signaling overbought conditions, though it has since pulled back toward neutral territory. This suggests the rally may be consolidating, with a potential for a pullback to test key support levels before a new leg higher.

Bollinger Bands

Volatility expanded significantly during the $0.1190–$0.1205 move, with the Bollinger Bands widening to accommodate the increased price action. The price briefly touched the upper band at $0.1205, suggesting a potential overextension. If volatility contracts, a return to the middle band may indicate a period of consolidation.

Volume & Turnover

Volume surged during the early morning hours of July 26, particularly during the $0.1190–$0.1205 move, with the 15-minute candle at 01:15 ET recording a turnover of $66,348.50. This volume was in line with price action, offering confirmation of the bullish breakout. A divergence appears later in the day as volume declined, suggesting caution ahead of a potential pullback.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at $0.1175 is now a key area of interest, with price testing it during the last few hours of the 24-hour window. A break below this level could signal a deeper pullback toward $0.1150, while a retest of the 38.2% level at $0.1190 may offer a short-term resistance ahead of a potential resumption of the rally.

The market for Hooked Protocol appears to be consolidating after a strong rally, with key Fibonacci and moving average levels defining the near-term direction. While the bullish bias remains intact, traders should watch for a potential pullback to the 61.8% retracement level. As always, a sharp increase in volume or a break below key support could signal a reversal, so caution is warranted for the next 24 hours.