#hookusdt Hook coin's current price is $0.1102, with a 0.92% increase in the last 24 hours. Here's a detailed technical analysis and trading signals:
Key Metrics
- *Current Price*: $0.1102
- *Market Cap*: $25.35 million
- *Circulating Supply*: 230.58 million HOOK tokens
- *Total Supply*: 500 million HOOK tokens
Technical Analysis
- *Support and Resistance Zones*: The $0.5293 level is a crucial support zone, aligning with the 0.5 Fibonacci retracement zone. A breakdown below $0.4512 could invalidate the bullish setup.
- *Relative Strength Index (RSI)*: Currently, the RSI is climbing, indicating strengthening momentum. However, an oversold RSI at 36.21 suggests a possible recovery.
- *Moving Averages*: The 50-day and 200-day MAs are crucial in determining the coin's short-term and long-term trends ¹.
Trading Signals
- *Entry Points*: Consider buying when the coin's price breaks above a resistance zone or the RSI moves above 30 from an oversold condition.
- *Stop Loss Placement*: Set stop losses below support zones or based on ATR values to limit potential losses.
- *Take Profit Targets*: Consider selling when the coin's price reaches a resistance zone or the RSI moves below 70 from an overbought condition.
Price Predictions
- *Bullish Scenario*: If the price holds the support zone and RSI moves upward, a test of $0.45 is likely, with potential extension to $0.48-$0.50.
- *Bearish Scenario*: A breakdown below $0.358 may lead to further downside, targeting $0.32 or lower ¹.
$HOOK #CryptoTariffDrop