$HOOK /USDT | Technical Analysis 📉

Current Price: $0.0990

24H Change: -10.24%

Timeframe: 1H

🔻 Trend: Bearish Rejection After Sharp Spike

HOOK/USDT faced a strong rejection after spiking to $0.1229, with current price action consolidating just above key short-term EMAs. The momentum has cooled down significantly, and the pair is now trading near the EMA-50 and EMA-100, indicating indecision after a volatile move.

📌 Potential Entry Zone (Reversal Setup): $0.09600 – $0.09850

🎯 Target 1: $0.10450 (minor resistance / previous breakdown zone)

🎯 Target 2: $0.11200 (liquidity zone near 24H high)

🛑 Stop Loss: $0.09300 (below EMA-200 and structural support)

📊 Technical Indicators:

EMA Levels:

EMA(9): $0.0959

EMA(20): $0.0959

EMA(50): $0.0962

EMA(100): $0.0951

EMA(200): $0.0940

RSI(9): 63.18 → Approaching overbought but not yet extreme.

RSI(14): 56.25 → Neutral bias, leaning bullish.

Volume: Declining after a massive breakout candle. Still waiting for new volume influx to confirm direction.

Price Action: Currently forming a local base above the $0.096 support. Watch for breakout confirmation above $0.100–$0.104 to validate a trend continuation.

⚠️ Caution:

The overall short-term structure is still vulnerable. Unless HOOK reclaims $0.104 with strong bullish volume, any upside move may remain corrective. A breakdown below $0.093 would invalidate the bullish setup and potentially revisit the $0.089–$0.090 zone.