Latest Hooked Protocol (HOOK) Price Analysis

1. Technical Rebound (Bullish Impact)

Overview: HOOK’s 24h rise aligns with technical indicators signaling oversold conditions. The 7-day RSI at 37.61 neared oversold territory (<30), while the MACD histogram showed reduced bearish momentum at -0.0004608.

What this means: Traders often interpret oversold RSI levels as contrarian entry points, especially after prolonged declines. The reduced selling pressure allowed buyers to push prices higher, particularly as HOOK bounced near its $0.0333 support level.

What to look out for: Sustained RSI above 50 and MACD crossing above its signal line would confirm bullish momentum.

2. Exchange Listings (Bullish Impact)

Overview: BitradeX announced HOOK spot trading and deposits on 21 July 2025, enhancing accessibility. This followed earlier listings on major exchanges like Binance (BTCC), expanding HOOK's liquidity base.

What this means: New exchange listings typically increase token exposure and buying pressure from new investors. For HOOK – a protocol focused on Web3 education – broader accessibility aligns with its user-growth mission and may attract ecosystem participants.

Conclusion

HOOK’s rebound combines technical recovery with improved market access, though its 30-day gains (+3.03%) remain modest against persistent bearish macro indicators like the Fear & Greed Index at 34.
Key watch: Can HOOK hold above its 7-day SMA at $0.0374 to cement this recovery?

Deep Dive

1. Market-Wide Risk Aversion (Bearish Impact)

Overview: The global crypto market cap fell 2.59% in the last 24 hours, with the Fear & Greed Index dropping to 45 (Neutral) from 49 yesterday. Bitcoin dominance rose to 59.13% as capital rotated away from riskier assets.
What this means: HOOK, as a mid-cap altcoin, faced amplified selling pressure during this risk-off shift. Its 90-day correlation with BTC is 0.78, meaning it typically moves with Bitcoin but fell 5.3× harder than BTC’s -2.5% drop.
What to look out for: BTC dominance holding above 58% could prolong altcoin weakness.

2. Elevated Selling Pressure (Bearish Impact)

Overview: HOOK’s 24h trading volume surged 43.93% to $8.85M while its price fell – a classic distribution pattern. The turnover ratio (volume/market cap) hit 0.904, signaling high liquidity stress.
What this means: Such volume spikes during downturns typically indicate panic selling or whale exits. The lack of major news suggests this was momentum-driven liquidation.
What to look out for: Sustained volume above $7M with price stabilization would signal seller exhaustion.

3. Technical Resistance Hold (Bearish Impact)

Overview: HOOK’s 200-day EMA sits at $0.0787 (123% above current price), while RSI (14) at 47.37 shows no oversold signal. It recently rejected at the $0.1018 resistance level.
What this means: The failed breakout triggered algorithmic selling. With MACD showing a weak bullish crossover but price below all major moving averages, the technical structure favors bears.
What to look out for: A close above the 50-day SMA ($0.0385) could signal reversal potential.

Conclusion

HOOK’s drop reflects crypto-wide de-risking amplified by its technical weakness and high liquidity stress.
Key watch: Can HOOK hold the $0.0330–0.0350 support zone during Tuesday’s Asian trading session?