$HOOK /USDT has shown a solid bounce in the last 24 hours, up around 9.38%, currently trading at 0.1003 USDT. It briefly touched a high of 0.1018 before pulling back slightly, which suggests some short-term profit-taking near resistance. Volume is notable, with 24.24 million $HOOK traded, and over 2.35 million USDT in turnover, showing real interest—not just bots churning candles. The current range between 0.0910 and 0.1018 is tightening, hinting that a breakout or breakdown is getting closer.

From a technical standpoint, price is hovering just below a short-term resistance zone (around 0.102–0.103). That level has rejected price more than once, so bulls need to close above it decisively to flip it into support. Otherwise, this just looks like a relief rally within a broader downtrend. The 4-hour chart shows momentum slowing slightly, with possible bearish divergence forming. If HOOK fails to break above 0.1024 soon, there’s a strong chance it slips back toward 0.0950 or even retests the 0.0910 support. It’s not collapsing, but this isn’t a clean bullish setup either. It’s a "prove-it" moment for the bulls, and they haven’t sealed the deal yet.