HOOK Attempts Recovery as Price Breaks Triangle and Eyes Key Resistance at $0.1018
Current Market Performance: HOOK has broken out of a descending triangle, currently trading at $0.0975 with a 6.21% increase, while facing strong resistance at $0.1018 and key targets at $0.1227 and $0.2114.
Volume and Support Analysis: The recent breakout is supported by increased volume, indicating potential for further price movement, with significant support at $0.08367 and a focus on maintaining levels above this to challenge higher price bands in the coming months.
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Technical Analysis for HOOK
Technical Sentiment Analysis for Hooked Protocol (HOOK) As of , Hooked Protocol (HOOK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HOOK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HOOK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hooked Protocol (HOOK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0124 | 0.0176 | 0.0232 | 0.0284 | 0.034 | 0.0392 | 0.0448 |
| Fibonacci | 0.0176 | 0.0217 | 0.0242 | 0.0284 | 0.0325 | 0.035 | 0.0392 |
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