Market Overview for Hooked Protocol/Tether (HOOKUSDT): 2025-09-14

• HOOKUSDT fell 5.6% over the last 24 hours, closing at 0.1135
• Volatility expanded during the early hours of 2025-09-14
• Key support tested at 0.1146, with bearish momentum in RSI and MACD
• Volume spiked sharply during the 04:15–06:00 ET timeframe
• Bollinger Bands widened, indicating increased uncertainty in price action

Hooked Protocol/Tether (HOOKUSDT) opened at 0.1214 on 2025-09-13 12:00 ET, peaked at 0.1223, and closed at 0.1135 as of 2025-09-14 12:00 ET. The pair recorded a total volume of 90,620,740.6 and turnover of 10,672,738.2 USDT over the 24-hour period. A bearish bias emerged after a sharp breakdown below key intraday support levels.

Structure & Formations

Price broke down from a key bullish pivot at 0.1207, forming a bearish engulfing pattern at 0.1203–0.1188. A low-volume doji at 0.1188–0.1194 signaled potential exhaustion in the short-term decline. The breakdown of the 0.1196–0.1203 consolidation zone marked a shift in momentum.

Moving Averages

The 15-minute chart saw price close below both the 20EMA and 50EMA, indicating bearish momentum. On the daily timeframe, price remains below the 50SMA and 200SMA, reinforcing the bearish bias. A potential short-term rebound could test the 50EMA at 0.1146 for validation.

MACD & RSI

MACD crossed bearishly below the signal line, with a histogram expanding downward into negative territory. RSI declined from 58 to 37 over the 24-hour period, suggesting moderate oversold conditions but not a reversal. The divergence between price and RSI remains weak; however, the MACD’s bearish expansion increases the likelihood of further downside.

Bollinger Bands

Bollinger Bands expanded during the 04:15–07:00 ET period, reflecting rising volatility. Price currently resides near the lower band at 0.1132–0.1146, indicating increased pressure on short-term support. A retest of the 0.1136–0.1142 range may trigger a temporary bounce, but a break below 0.1136 could accelerate the decline.

Volume & Turnover

Volume spiked sharply during the 04:15–06:00 ET window, correlating with the breakdown from 0.1196 to 0.1181. The largest notional turnover occurred at 0.1186–0.1172. However, volume during the 15:00–16:00 ET period remained muted despite continued price weakness, signaling potential exhaustion in the downward move.

Fibonacci Retracements

Fibonacci levels from the 0.1223–0.1188 swing show 0.1146 (38.2%) and 0.1135 (61.8%) as key short-term support. Price closed near 0.1135, which could either consolidate or trigger a rebound if bulls re-enter near 61.8% retrace levels.

Backtest Hypothesis

A potential backtest strategy could involve a short bias triggered by a close below the 50EMA on the 15-minute chart, coupled with a bearish MACD cross. A stop-loss could be placed above the 38.2% Fib level at 0.1146. A take-profit target of 0.1125 aligns with the 78.6% Fib and the 0.1125–0.1136 Bollinger Band support. This setup would aim to capture the bearish momentum observed in the 04:15–06:00 ET breakdown phase.

Price may continue to test 0.1135–0.1146 for consolidation, with a potential bounce or further breakdown depending on volume. Investors should watch for divergences in RSI and volume behavior to gauge the strength of either move.