Market Overview for Hooked Protocol/Tether (HOOKUSDT) – 2025-09-18

• Price surged 9.88% over 24 hours, closing at 0.1155 after a bullish breakout.
• Volume spiked over 1.2 million with strong accumulation around 0.1135–0.1145.
• RSI crossed into overbought territory, signaling potential consolidation or reversal.
• Bollinger Bands showed a recent expansion, reflecting heightened volatility in late hours.
• A bullish engulfing pattern emerged near 0.1125, suggesting continued upside momentum.

The 24-hour period for Hooked Protocol/Tether (HOOKUSDT) saw a strong bullish continuation, with price opening at 0.1071 on 2025-09-17 at 12:00 ET and reaching an intraday high of 0.1162 before closing at 0.1155 at 12:00 ET on 2025-09-18. Total volume across the 24-hour window amounted to approximately 22,442,130.6, with notional turnover reaching around 2,588,626.30 USDT. The move suggests growing conviction in the pair’s upside potential.

Structure & Formations

Price carved a sharp bullish channel, forming a sequence of higher highs and higher lows from 0.1061 to 0.1162. A key support level appears to be forming near 0.1120–0.1135, reinforced by multiple bullish reversals and a large bullish engulfing pattern on 2025-09-17 at 19:15 ET. A doji near 0.1115 on 0.1116 hinted at a temporary pause in buying pressure. Strong resistance was broken at 0.1150–0.1155, suggesting a potential retest to confirm its validity.

Moving Averages and Fibonacci

On the 15-minute chart, the 20-period and 50-period moving averages are sharply upwards, with price remaining above both. This confirms a strong short-term uptrend. On a broader scale, the 50-period daily MA sits around 0.1120, with price now comfortably above it. A Fibonacci retrace of the recent swing from 0.1061 to 0.1162 shows 0.1155 landing near the 76.4% level, which could offer resistance or a consolidation zone.

Momentum and Volatility

RSI climbed above 70, indicating overbought conditions and raising the probability of a pullback or sideways consolidation. MACD remained in positive territory, with a strong histogram suggesting bullish momentum has not yet peaked. Bollinger Bands widened significantly in the last 12 hours, reflecting increased volatility and heightened expectations of a directional move.

Volume and Turnover Dynamics

Volume surged past 1.2 million in the 15–18-hour window, coinciding with the key breakout above 0.1150. Turnover confirmed the volume with a sharp rise in notional value. However, volume dipped slightly in the final 6 hours, suggesting a possible exhaustion phase. The divergence between price and volume is subtle but worth monitoring for signs of reversal.

Backtest Hypothesis

A potential backtesting strategy could involve a long bias on a bullish breakout above the 20-period EMA with a stop-loss placed below the most recent support near 0.1135. Entry would be triggered on a candle close above 0.1155 with confirmation from RSI not exceeding 75 and MACD in positive territory. A 5% trailing stop could be used to lock in gains while allowing for continuation of the trend. This setup would aim to capture continuation moves in an aggressive bull market phase, but traders should remain cautious of false breakouts and overbought conditions that may trigger short-term corrections.