Market Overview: Hooked Protocol/Tether 24-Hour Update

Summary
• Price action shows consolidation around key 0.0375 support with no clear breakout.
• Momentum indicators suggest weakening bullish pressure and moderate bearish traction.
• Volume remains steady during active hours, but turnover diverges after 00:00 ET.
• Bollinger Bands remain narrow, signaling subdued volatility and potential for a breakout.
• No strong candlestick patterns confirmed, but bearish shadows appear in the early morning session.

Hooked Protocol/Tether (HOOKUSDT) traded between 0.0366 and 0.0379 on 2025-12-31, closing at 0.0370 after opening at 0.0376 the previous day. Total volume reached 6.8 million, with notional turnover of $253,500 over the 24-hour period.

Structure & Moving Averages

Price tested 0.0375 as a potential support level but failed to hold after 02:00 ET. The 5-minute 20-period moving average drifted lower, while the 50-period line remained flat, indicating short-term bearish bias. Daily MA indicators showed no clear trend amid low volatility.

Momentum and Oscillators

RSI on the 5-minute chart oscillated between 45 and 52, suggesting a neutral to bearish stance. MACD crossed into negative territory after 00:15 ET, confirming a slowdown in bullish momentum.

Volatility and Volume

Bollinger Bands remained compressed through the early session but widened after 01:00 ET, indicating rising uncertainty. Notional turnover diverged from price after 00:00 ET, suggesting diminished conviction in price action.

Fibonacci and Key Levels

Price approached the 38.2% Fibonacci retracement of the 0.0366–0.0379 range, but failed to rebound. A break below 0.0370 may trigger further testing of the 0.0365–0.0366 zone.

The next 24 hours may see renewed volatility if volume increases alongside a directional breakout. Investors should monitor the 0.0370–0.0375 range closely for potential turning points, with a risk of increased downside if support fails to hold.