HOOK USDT Hooked Protocol Technical Analysis

Photo of author

By Frans van Elst

Hooked Protocol logo In this Hooked Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for HOOK-USDT. Hooked Protocol (HOOK) is a decentralized platform that enables the creation and execution of customizable smart contracts. With HOOK, users can easily build and deploy their own decentralized applications (dApps) without needing to write complex code. By leveraging the power of blockchain technology, Hooked Protocol empowers developers and entrepreneurs to bring their ideas to life in a secure, transparent, and censorship-resistant manner.

Hooked Protocol Price Overview:

As of July 06, 2024, Hooked Protocol is trading at approximately 0.4402 USDT. Let’s dive into the detailed price action for HOOK-USDT:

Follow potential bearish trend for Hooked Protocol (HOOKUSDT) at 4.40e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 0.43
High (H) 0.4469
Low (L) 0.4217
Close (C) 0.4402
Volume (C) 3,184,013.20
  • Open (O): The opening price for today’s trading session was approximately 0.43 USDT.
  • High (H): Hooked Protocol reached a daily high of around 0.4469 USDT.
  • Low (L): The daily low for HOOK-USDT was approximately 0.4217 USDT.
  • Close (C): At the time of analysis, Hooked Protocol is trading near its daily close of 0.4402 USDT.
Metric Value
1D Change (%) 2.30%
3D Change (%) -17.96%
7D Change (%) -18.00%
30D Change (%) -51.56%
90D Change (%) -68.31%
YTD Change (%) -65.03%

Over the past three days, HOOKUSDT has dropped by approximately -17.96%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -18.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HOOKUSDT maintaining a downward trend of approximately -51.56%, despite intermittent fluctuations. Examining the last 90 days, HOOKUSDT has witnessed substantial decrease of approximately -68.31%, reflecting strong long-term confidence. Year-to-date, HOOKUSDT has steadily dropped by around -65.03%, 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-USDT 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 0.79333.
  • Momentum score is -0.35671.

HOOK USDT Technical Analysis

Hooked Protocol Trading Volume:

The trading volume for Hooked Protocol (HOOK) over the past 24 hours has been insignificant, with approximately 3,184,013.20 USDT 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-USDT is currently in the low zone, around 31.99809. This suggests that Hooked Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Hooked Protocol (HOOK-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Follow potential bearish trend for Hooked Protocol (HOOKUSDT) at 4.40e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Don’t overlook our detailed insights on HOOK BTC Hooked Protocol Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

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.

You have not selected any currencies to display