Market Overview for Hooked Protocol (HOOKUSDT)

• Hooked Protocol (HOOKUSDT) surged from $0.1054 to $0.1106 in early trading before retreating to close near $0.1070 amid heavy volume.
• A bullish 15-minute reversal pattern emerged at 03:30 ET, followed by a key bearish divergence at 15:45 ET.
• Volatility expanded significantly during the Asian session, with turnover spiking past $3.1 million at 06:30 ET.
• RSI reached overbought levels in the early morning but reversed into oversold territory by the close, suggesting exhaustion on both sides.
• Price consolidated between $0.1054–$0.1106 for most of the session, with strong support at the 15-minute low of $0.1054.

Hooked Protocol (HOOKUSDT) opened at $0.1054 on July 30 at 12:00 ET and closed at $0.1070 on July 31 at 12:00 ET. The 24-hour high was $0.1106, and the low was $0.1054. Total trading volume reached 4.8 million, with notional turnover exceeding $520,000.

Structure & Formations

Price remained within a tight $0.0052 range for the first 12 hours, consolidating at the 15-minute low of $0.1054. A key breakout occurred at 03:30 ET, where a bullish engulfing pattern formed, pushing HOOKUSDT above $0.1090. However, a bearish divergence emerged at 15:45 ET, with the price failing to surpass a prior high while volume declined. The 15-minute chart shows strong support at $0.1054 and resistance at $0.1106, with a potential Fibonacci 61.8% retracement at $0.1073.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bullish alignment during the Asian session. By the close, the 50-period MA had pulled back slightly, indicating some short-term bearish pressure. On the daily chart, the 50-period MA sits above the 100- and 200-period lines, suggesting a longer-term bullish bias.

MACD & RSI

The MACD turned positive during the Asian and European sessions, confirming the morning rally. However, it diverged from price action in the afternoon, with the histogram narrowing as the price declined. The RSI hit overbought territory at 80 in early morning hours, then fell into oversold levels by the close, signaling potential exhaustion in both bullish and bearish momentum.

Bollinger Bands

Volatility expanded significantly during the Asian session, with the upper band reaching $0.1108 and the lower band dipping to $0.1060. Price spent much of the session near the upper band before retreating into the middle band by the close. The band width suggests increased market interest, but the price’s return to the middle band may indicate a lack of conviction in the rally.

Volume & Turnover

Volume surged to over 2.3 million at 06:30 ET, coinciding with a $0.1105 high and a $520,000 turnover spike. This suggests strong buying interest during the rally. However, volume declined during the afternoon sell-off, indicating weak conviction in the bearish move. A divergence between price and volume in the latter half of the session suggests a potential reversal could be on the horizon.

Fibonacci Retracements

Applying Fibonacci levels to the morning rally from $0.1054 to $0.1106, the 38.2% retracement level is at $0.1076, and the 61.8% level is at $0.1073. The price closed near the 61.8% level, suggesting a potential short-term support area. Over the next 24 hours, a break below $0.1060 could trigger further downward movement, while a retest of $0.1076 may attract short-term buyers.

Hooked Protocol may consolidate near the $0.1070–$0.1076 range in the near term, with a potential for a rebound if buyers defend key Fibonacci levels. Investors should remain cautious, as divergences in momentum indicators and declining volume suggest uncertainty in the market’s direction.