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Summary
• Price traded between 0.0386 and 0.0397, with key resistance at 0.0394 and support near 0.0388.
• Volume surged in early hours, confirming a push higher, but momentum has since softened.
• RSI reached overbought territory briefly before retreating, suggesting exhaustion.
• Bollinger Bands showed a mild expansion, indicating increased volatility during the session.
• Fibonacci retracements highlight potential near 0.0390 and 0.0387 as critical pivot points.
The 24-hour period for Hooked Protocol/Tether (HOOKUSDT) saw the pair open at 0.0388 on 2026-01-01 12:00 ET and close at 0.0392 on 2026-01-02 12:00 ET, with a high of 0.0397 and a low of 0.0386. Total volume was 6.08 million contracts, and turnover was $240.27 million.
Structure & Formations
Price formed a bullish continuation pattern during the early part of the session, breaking above 0.0394 with strong volume. A failed bearish divergence later suggested buyers retook control. A bearish pinocchio candle appeared near 0.0393, indicating rejection at that level.
Technical Indicators

Volume & Turnover
Volume spiked to over 935,791 contracts during the 2026-01-02 04:00 ET block, coinciding with a push above 0.0395. Turnover aligned with volume, showing strong confirmation in key price ranges. A divergence between price and volume appeared near the session's close, suggesting caution ahead.
Fibonacci Retracements
On the 5-minute chart, the 0.0390 and 0.0387 levels corresponded with 38.2% and 61.8% retracements, respectively. These levels appear to be critical for the next 24 hours, with a potential pullback toward 0.0387 if bearish pressure resurfaces.
Price appears to be consolidating near 0.0392–0.0393, with support at 0.0387 and resistance at 0.0394. A breakout above 0.0395 could signal a resumption of bullish momentum, but a close below 0.0388 could lead to a retest of key support. Investors should watch for volume confirmation or divergence to avoid being caught in a false breakout.
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