Market Overview for Hooked Protocol/Tether (HOOKUSDT) on 2025-10-08

• Price surged above 0.0990, reaching 0.1015 during a sharp 15-minute rally.
• RSI and momentum indicators suggest overbought conditions after a strong move.
• Volume spiked during the 14:15–14:30 ET window, confirming upward momentum.
• Volatility expanded as Bollinger Bands widened, reflecting increased price swings.
• Price action appears to be testing a key resistance cluster around 0.1005–0.1010.

At 12:00 ET−1 on 2025-10-08, Hooked Protocol/Tether (HOOKUSDT) opened at 0.0981 and reached a high of 0.1015 before settling at 0.1008 at 12:00 ET. The 24-hour low was 0.0967. Total volume amounted to 30.2 million, while turnover stood at approximately 2.84 million USDT.

The price action over the last 24 hours revealed a clear shift in sentiment. A sharp upward spike occurred during the 14:15–14:30 ET session, where HOOKUSDT surged from 0.1005 to 0.1013, forming a bullish engulfing pattern. This move followed a consolidation phase between 0.0970 and 0.0990, indicating a breakout that could signal a shift in the short-term trend. Key support levels include 0.0975 and 0.0965, while resistance clusters are forming at 0.1005, 0.1010, and 0.1015. A break above 0.1015 could trigger further momentum.

The RSI crossed into overbought territory during the afternoon session, peaking at 75, which suggests a potential pullback. MACD remained positive and expanding, signaling ongoing bullish momentum. Volatility increased as Bollinger Bands widened, with price frequently testing the upper band. Notably, volume spiked during the 14:15–14:30 ET window, aligning with the breakout, which lends credibility to the upward move. However, the RSI divergence from price action during the 15:00–15:15 ET consolidation suggests caution may be warranted ahead of further upside.

Fibonacci retracements drawn from the recent low of 0.0967 to the high of 0.1015 show key levels at 0.0991 (61.8%) and 0.0983 (38.2%). Price has remained above the 38.2% level, indicating strong buying interest. Looking ahead, a retest of the 0.0990–0.0995 range could trigger a corrective phase before the next leg higher. Traders should watch for a breakdown below 0.0985 as a bearish signal, while a close above 0.1015 may attract more aggressive buyers.

The backtest hypothesis involves a breakout strategy using the 20-period EMA and Bollinger Bands for confirmation. When price closes above the upper Bollinger Band with volume expansion and a bullish engulfing pattern, a long signal is triggered. A stop-loss is placed just below the nearest Fibonacci support level (e.g., 0.0991), with a target at the next resistance (e.g., 0.1015–0.1020). This approach would have captured the recent upward move and could be viable in a continuation setup.