Market Overview for Hooked Protocol/Tether USDt (HOOKUSDT) on 2025-09-11

• Price surged from $0.1102 to $0.1168 before consolidating, forming bullish and bearish divergences.
• High volatility was observed during the early morning hours, with volume spiking near key levels.
• RSI overbought conditions occurred mid-day, suggesting potential short-term profit-taking.
• Volume and price action aligned during the afternoon rally but diverged in the final hours.

The price of Hooked Protocol/Tether USDt (HOOKUSDT) opened at $0.1102 on 2025-09-10 at 12:00 ET and reached a high of $0.1183 before closing at $0.1126 on 2025-09-11 at 12:00 ET. The 24-hour volume was 14.93 million USDt, and total turnover amounted to $1.66 million.

Structure & Formations

Price action showed multiple key levels of support and resistance over the 24-hour period. A notable bullish engulfing pattern formed at the $0.1102 level in the early morning hours, confirming a short-term bounce. Later, a bearish harami appeared near $0.1168, signaling potential exhaustion of the rally. The $0.1120–0.1125 zone emerged as a strong support cluster, with multiple bounces during the afternoon and early evening.

Key Levels

• Support: $0.1110 (strong), $0.1102 (critical)
• Resistance: $0.1135 (moderate), $0.1142 (strong)

A doji formed around $0.1132, indicating indecision at this price level after a rally. This may signal a potential turning point if the price fails to break above it with conviction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upwards during the early morning rally, indicating bullish momentum. However, in the afternoon, the 50SMA began to flatten and even crossed below the 20SMA in the final hours of the day, suggesting weakening momentum and a potential bearish crossover.

On the daily chart, the 50-period and 100-period moving averages were in a bullish alignment, with the price above both. The 200-period moving average acted as a long-term support level, and price held above it for most of the 24-hour period.

MACD & RSI

The MACD showed divergence in the afternoon, with the price making higher highs while the MACD histogram shrank, signaling weakening bullish momentum. This coincided with RSI reaching overbought territory at ~70, indicating a potential pullback.

During the early morning rally, RSI briefly touched ~68, and the MACD line surged above the signal line, confirming bullish momentum. However, this failed to hold, and the price later corrected into a mid-day consolidation.

Bollinger Bands

Volatility expanded significantly in the early hours of the morning, pushing price outside the upper band of the Bollinger Band at $0.1168, indicating a strong short-term move. The price then retracted and spent much of the day consolidating within the bands.

By the late afternoon, volatility began to contract, with the Bollinger Bands narrowing, indicating a possible reversal or continuation depending on volume and key level reactions.

Volume & Turnover

Volume spiked during the early morning hours when the price surged to $0.1168, with a 15-minute candle at $0.1168 printing 1.17 million USDt of volume. However, during the afternoon consolidation and the evening pullback, volume dropped significantly, suggesting a lack of follow-through from bullish participants.

Total notional turnover amounted to $1.66 million, with the highest turnover occurring between 07:15 ET and 07:30 ET, when the price broke $0.1168 and surged to $0.1183.

Fibonacci Retracements

Key Fibonacci levels derived from the $0.1102 to $0.1168 swing included:- 38.2% at $0.1128- 61.8% at $0.1145

Price found support at the 38.2% level, but failed to hold above the 61.8% level, suggesting that further retests could occur in the coming 24 hours. On the daily chart, the 23.6% retracement from the recent high was at $0.1135, which acted as a minor resistance in the early evening.

Backtest Hypothesis

A potential backtesting strategy would focus on bullish engulfing patterns and bearish harami patterns appearing near key Fibonacci and moving average levels. Given the recent divergence in MACD and the RSI overbought condition, a sell strategy on confirmed bearish candlestick patterns near $0.1145 could be explored. A stop-loss near $0.1150 and a take-profit at $0.1132 (the doji level) would aim to capture the expected consolidation. This aligns with the observed pullback from $0.1168 to $0.1126 and offers a high-risk-reward setup for short-term traders.