๐จ๐๐ข๐ข๐ ๐๐จ๐ ๐ฃ๐ฆ ๐ญ๐ฐ% ๐๐๐ก ๐๐จ๐๐๐ฆ ๐๐ฅ๐๐๐ ๐ง๐๐ $๐ฌ.๐ญ๐ฏ ๐ช๐๐๐?
HOOK is showing signs of life after a long downtrend โ but donโt celebrate just yet.
๐ธ +14% Bounce: HOOK surged 14% in a single day, reclaiming the 7-day and 25-day moving averages for the first time in weeks. This often signals the start of a new trend, but confirmation is still needed.
๐ธ Key Supports:
$0.093 โ Short-term support (7MA)
$0.090 โ Previous breakout level (25MA)
$0.080 โ June's consolidation base (strong demand)
๐ธ Major Resistance Levels:
$0.125โ$0.130 โ Trendline and 99-day MA resistance (key battle zone)
$0.150 โ Previous lower high
$0.200 โ Long-term trend reversal zone
๐ What Traders Should Watch: To flip bullish long-term, HOOK must close above $0.130 with strong volume. Until that happens, this move could still be a relief bounce inside a broader downtrend.
๐ก If price breaks and holds above $0.130, it could attract more buyers and test $0.150 quickly. But if HOOK gets rejected here again, expect a pullback to $0.093 or even $0.080.
๐ง TL;DR (For All Levels):
โ Bounce confirmed โ but trend is not yet bullish.
โ ๏ธ Watch $0.130 closely โ breakout = momentum shift.
๐ Rejection = back to support zones.