Deep Dive
1. Technical Rebound (Bullish Impact)
Overview: HOOK’s price rebounded from oversold conditions, with its 14-day RSI at 40.68 (below 50 = undervalued zone). This followed a 7-day dip of 8.76%, creating a technical bounce opportunity.
What this means: Traders often view sub-40 RSI levels as contrarian entry points, especially after sustained declines. The bounce aligned with support at $0.08367 (July 2025 low), where buying pressure historically emerged.
2. BitradeX Listing (Bullish Impact)
Overview: BitradeX launched HOOK/USDT spot trading on July 21, 2025, expanding access for new investors.
What this means: New exchange listings typically increase liquidity and visibility, attracting short-term speculative demand. This contributed to the price uptick despite older timing, as HOOK’s low turnover (0.57) makes it sensitive to liquidity changes.
3. Ecosystem Momentum (Neutral Impact)
Overview: HOOK’s August 2025 partnerships (e.g., Codatta, ZenChain) for its Web3 education platform fueled residual optimism.
What this means: While not immediate catalysts, these integrations reinforce HOOK’s use case for onboarding users to Web3, potentially stabilizing investor sentiment during dips. The impact remains muted without recent announcements.
Conclusion
HOOK’s gain reflects technical buying and residual positivity from exchange/partnership developments, though low volume (-42.3%) signals cautious participation.
Key watch: Can HOOK sustain above its 7-day SMA ($0.039) to confirm bullish momentum?