Market Overview for Hooked Protocol/Tether (HOOKUSDT) as of 2025-11-12

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Nov 12, 2025 12:43 am ET1min read
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- HOOKUSDT fell 3.6% to 0.0584 over 24 hours amid bearish engulfing patterns and below key moving averages.

- RSI below 30 and MACD in negative territory confirm oversold conditions, but weak rebound volume raises caution.

- Critical support at 0.0573-0.0561 and resistance near 0.0605-0.0609 identified as price tests Bollinger Bands' lower boundary.

- Backtesting suggests bearish engulfing patterns generated multiple sell signals, validating short strategies in current downtrend.

Summary
• Price declined from 0.0606 to 0.0584 over the last 24 hours amid bearish

momentum
.
• RSI and MACD suggest oversold conditions, but bearish divergence in volume persists.
• Key support levels identified at 0.0573–0.0561; resistance retested near 0.0605–0.0609.

Hooked Protocol/Tether (HOOKUSDT) opened at 0.0605 on 2025-11-11 at 12:00 ET and closed at 0.0584 by 12:00 ET on 2025-11-12. The 24-hour high was 0.0609, and the low was 0.0561. Total volume for the period was 9,306,658.6, while notional turnover reached $534,981.79.

The 15-minute OHLCV data reveals a bearish trend with multiple bearish engulfing patterns and a long bearish shadow at 0.0561. The price is currently below the 20-period and 50-period moving averages on the 15-minute chart, reinforcing the short-term downtrend. Daily moving averages (50/100/200) are not provided but are expected to be similarly bearish given the persistent lower close.

The MACD crossed into negative territory, confirming the bearish momentum. RSI dipped below 30, signaling potential oversold conditions, though divergence in volume during this decline raises caution—volume was high during sell-offs but weak during attempted rebounds. Bollinger Bands widened during the price drop, indicating rising volatility, with price currently near the lower band. This could suggest a possible bounce but does not confirm a reversal.

Fibonacci retracement levels from the recent high (0.0609) to the low (0.0561) show key support at 0.0578 (38.2%) and 0.0571 (61.8%). Price briefly tested the 0.0573 area, with a potential retest of 0.0561 expected should bear pressure persist.

Backtest Hypothesis
The described backtesting strategy relies on the Bearish Engulfing candlestick pattern to signal short entries. Given the recent bearish momentum in

HOOKUSDT
and multiple instances of Bearish Engulfing patterns observed in the 15-minute OHLCV data—particularly between 2025-11-11 17:30 and 19:15—this strategy would have generated multiple sell signals over the past 24 hours. The plan involves opening short positions upon pattern completion and closing them at the next session’s close to manage risk and capture bearish moves. A backtest from January 1, 2022, to today could validate this approach’s effectiveness in trending bear markets like the one HOOKUSDT currently faces.