In this Hooked Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for HOOK-BTC. Hooked Protocol is a decentralized platform that enables the creation and execution of customizable smart contracts, empowering users to build and manage their own decentralized applications (dApps). With its innovative hook-based architecture, Hooked Protocol streamlines the development process, allowing developers to focus on building unique dApp experiences without worrying about complex technicalities. By leveraging the power of blockchain technology, Hooked Protocol provides a secure and transparent environment for users to interact with their dApps, fostering a thriving ecosystem of decentralized innovation.
Hooked Protocol Price Overview:
As of May 17, 2024, Hooked Protocol is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for HOOK-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 63,922.60 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Hooked Protocol reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for HOOK-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Hooked Protocol is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.79% |
| 3D Change (%) | 0.40% |
| 7D Change (%) | -9.74% |
| 30D Change (%) | -14.22% |
| 90D Change (%) | -36.02% |
| YTD Change (%) | -57.64% |
Over the past three days, HOOKBTC has increased by approximately 0.40%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.74%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HOOKBTC maintaining a downward trend of approximately -14.22%, despite intermittent fluctuations. Examining the last 90 days, HOOKBTC has witnessed substantial drop of approximately -36.02%, reflecting strong long-term confidence. Year-to-date, HOOKBTC has steadily decreased by around -57.64%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Hooked Protocol Live Chart:
You can access a live price chart for HOOK-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.3126.
- Momentum score is -0.11633.
HOOK BTC Technical Analysis
Hooked Protocol Trading Volume:
The trading volume for Hooked Protocol (HOOK) over the past 24 hours has been insignificant, with approximately 63,922.60 BTC traded against HOOK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): HOOK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Hooked Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HOOK-BTC is currently in the low zone, around 36.77766. This suggests that Hooked Protocol is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Hooked Protocol (HOOK-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Hooked Protocol (HOOKBTC) at 1.26e-05 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.