HOOK USDT Hooked Protocol Technical Analysis

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 cryptocurrency that utilizes a unique consensus algorithm called “Proof of Reputation” to secure its network and validate transactions. This algorithm rewards users for maintaining a good reputation on the network, which incentivizes honest behavior and discourages malicious activity. By leveraging blockchain technology and smart contracts, Hooked Protocol aims to create a more secure and reliable platform for decentralized applications (dApps) and other blockchain-based services.

Hooked Protocol Price Overview:

As of October 02, 2023, Hooked Protocol is trading at approximately 0.8577 USDT. Let’s dive into the detailed price action for HOOK-USDT:

Metric Value
Open (O) 0.9203
High (H) 0.9284
Low (L) 0.8422
Close (C) 0.8577
Volume (C) 3,446,463.60
  • Open (O): The opening price for today’s trading session was approximately 0.9203 USDT.
  • High (H): Hooked Protocol reached a daily high of around 0.9284 USDT.
  • Low (L): The daily low for HOOK-USDT was approximately 0.8422 USDT.
  • Close (C): At the time of analysis, Hooked Protocol is trading near its daily close of 0.8577 USDT.
Metric Value
1D Change (%) -6.73%
3D Change (%) 0.75%
7D Change (%) 0.05%
30D Change (%) 9.22%
90D Change (%) -31.74%
YTD Change (%) -28.29%

Over the past three days, HOOKUSDT has risen by approximately 0.75%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.05%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HOOKUSDT maintaining an upward trend of approximately 9.22%, despite intermittent fluctuations. Examining the last 90 days, HOOKUSDT has witnessed substantial drop of approximately -31.74%, reflecting strong long-term confidence. Year-to-date, HOOKUSDT has steadily dropped by around -28.29%, 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 0.66912.
  • Momentum score is 0.09219.

HOOK USDT Technical Analysis

Hooked Protocol Trading Volume:

The trading volume for Hooked Protocol (HOOK) over the past 24 hours has been significant, with approximately 3,446,463.60 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Hooked Protocol is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for HOOK-USDT is currently in the neutral zone, around 49.00461. This suggests that Hooked Protocol is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Hooked Protocol (HOOK-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.

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.