Market Overview for Hooked Protocol/Tether (HOOKUSDT) – 2025-11-01

• Price opened at $0.059 and closed near $0.0605, showing a bullish bias over 24 hours.
• A late-day surge pushed the high to $0.0609 amid rising volume, indicating short-term bullish momentum.
• Volatility expanded significantly with Bollinger Bands widening, reflecting increased market participation.
• Volume peaked during the $0.0604–$0.0609 rally, confirming the strength of the upward move.
• No strong overbought RSI signal yet, suggesting room for further upward extension.

Hooked Protocol/Tether (HOOKUSDT) opened at $0.059 on 2025-10-31 at 12:00 ET and closed at $0.0605 on 2025-11-01 at 12:00 ET, with a high of $0.0609 and a low of $0.0576 over the 24-hour period. Total volume was 3,434,827.6, and notional turnover amounted to $197,306.85. Price action suggests a potential reversal from oversold levels and a subsequent rally driven by strong volume.

Structure & Formations

The price structure displayed a clear bullish bias throughout the 24-hour window. A notable bullish engulfing pattern formed around 17:45–18:00 ET, confirming a shift in momentum. Price tested a critical support level of $0.058–0.0585 twice, both times bouncing back with increasing volume. A key resistance zone between $0.0605–0.0609 appears to have capped the rally on a few occasions, but price managed to break through late on the 24-hour window, suggesting that buyers are stepping in at higher levels.

Moving Averages

On the 15-minute chart, price traded above both the 20-period and 50-period moving averages, reinforcing the short-term bullish trend. The 50-period MA acted as a dynamic support zone for much of the session, particularly during the early to mid-morning period. On the daily timeframe, while the 200-period MA remains a significant long-term support level, the 50-period MA has begun to cross above the 100-period MA, hinting at a potential trend reversal on a longer timeframe.

MACD & RSI

The MACD histogram turned positive during the morning hours and remained in bullish territory for much of the session, indicating strong upward momentum. The RSI reached a low of ~30 in the early hours of 10/31, signaling oversold conditions that were later resolved with the rally. Currently, RSI sits at ~55, suggesting moderate bullish momentum and no immediate overbought warning.

Bollinger Bands

Volatility expanded dramatically as the session progressed, with the Bollinger Bands widening significantly. Price remained within the upper band for the final four hours, indicating strong conviction in the upward move. The widening bands also suggest an increase in market participation and potential continuation of the rally.

Volume & TurnoverVolume was unevenly distributed, with a notable spike occurring in the early afternoon and continuing through the evening hours. The highest volume candle was during the 10:45–11:00 ET period, coinciding with a $0.0604–$0.0609 price move. Notional turnover increased in tandem with the price action, confirming the strength of the rally. No significant divergence between volume and price was observed during the session.

Fibonacci Retracements

Applying Fibonacci retracement levels to the major swing low at $0.0576 and high at $0.0609, the 38.2% level is at ~$0.0597 and the 61.8% level is at ~$0.0600. Price has already tested the 61.8% level and pushed above it, suggesting strong buyer interest and potential for further gains. The 78.6% retracement is near $0.0605, which is where the current price is testing resistance.

Backtest Hypothesis

In light of the bullish pattern formation and confirmed momentum, a backtest strategy using “bullish-engulfing” candlestick patterns could be evaluated for HOOKUSDT. However, due to a technical limitation, the ticker symbol HOOKUSDT is not currently recognized by the indicator engine used for backtesting. To proceed, either the correct format (e.g., exchange-specific ticker) must be provided, or raw OHLC data from a reliable source must be made available. Once obtained, the bullish-engulfing signals can be manually detected and used to test a 5-day-hold strategy. This approach would align with the observed price action, where key reversal and continuation patterns have been confirmed by volume and momentum indicators.