Market Overview for Hooked Protocol/Tether USDt (HOOKUSDT) - 2025-09-05

• Price for HOOKUSDT fell to 0.1032 before rebounding strongly into a 0.107 high.
• 24-hour volume surged significantly in the last 8 hours, suggesting increased accumulation.
• RSI and MACD indicate overbought conditions toward the close, hinting at potential pullback risk.
• Bollinger Bands expanded during the rally, reflecting heightened volatility in the final hours.
• Fibonacci retracements show 61.8% alignment with current consolidation, a key watch level.

The 24-hour session for Hooked Protocol/Tether USDt (HOOKUSDT) opened at 0.1048 (12:00 ET - 1) and reached an intraday high of 0.107 before settling at 0.1064 at 12:00 ET. The pair traded between 0.1023 and 0.107, with a total volume of 14,134,321.6 and turnover of 1,479.6 USD. A strong reversal in the last 8 hours has shifted sentiment toward potential near-term consolidation or correction.

Structure & Formations

The candlestick pattern over the 24-hour period shows a significant bearish breakdown followed by a sharp reversal and consolidation. The 0.1032 low formed a key support level, with the price subsequently rising above the 0.105 psychological mark. A bullish engulfing pattern emerged around 0.1045 to 0.1055 during the early morning hours, suggesting a short-term reversal. A doji at 0.1071 in the late afternoon hints at indecision or potential exhaustion in the upside.

Key Levels

- Support: 0.1044 (Fibonacci 61.8%), 0.1033 (Fibonacci 38.2%)
- Resistance: 0.107 (20-period high), 0.1086 (swing high)
- Psychological Level: 0.105 (intermediate pivot)

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20-period and 50-period moving averages are both in an uptrend, with price crossing above the 50SMA at 0.1053. The daily chart shows a longer-term bearish bias, with the 50DMA and 200DMA in a downward trajectory. The 50-period MA on the daily chart is at 0.1049, suggesting potential for a bullish crossover if the price holds above this level.

MACD turned positive late in the session, indicating rising bullish momentum. The RSI reached overbought territory (75-80) in the final hours, suggesting a potential correction or consolidation phase is ahead.

Volatility and Volume Analysis

Volatility increased significantly in the last 8 hours, with Bollinger Bands expanding from a narrow contraction seen earlier in the day. The price closed near the upper band, suggesting a continuation of the recent bullish momentum, but also indicating a potential pullback if overbought conditions persist.

Volume surged after the 0.1032 support level was tested, with the most activity occurring during the rally to 0.107. The notional turnover aligned with the volume spike, confirming the strength of the move. No significant divergence between volume and price was observed, which supports the integrity of the recent bullish momentum.

Backtest Hypothesis

A potential backtesting strategy could involve a 15-minute breakout system that triggers long entries at the 20-period SMA after price closes above both the 20 and 50-period SMAs. Stops could be placed below the 0.1033 Fibonacci level, with a target at the 0.107 swing high. Given the current alignment of moving averages and MACD, this setup may provide a favorable risk/reward profile in the near term. The RSI’s overbought condition suggests caution, but the absence of divergence makes this a viable short-term approach.