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$HOOK / USDT Bull Run - Time to Ride The Wave!✅
Current Price: $0.367224H Change: -1.00%24H High: $0.379824H Low: $0.3625
The
$HOOK / USDT pair is experiencing a bearish trend with a steady decline over the past weeks. The token has seen significant losses, reflected in its longer-term performance.
Technical Analysis (4H Chart)
The 4-hour chart shows a prolonged downward trend. Price action has been consolidating near the $0.3600 range, suggesting potential support. However, the lack of strong upward movement indicates caution for bullish traders.
Key Levels to Watch
Resistance:
$0.3800: A critical resistance level that needs to be broken for any bullish reversal.$0.4000: A psychological barrier for the pair.
Support:
$0.3600: Immediate support; a breakdown below could accelerate losses.$0.3500: The next support level to monitor for a potential bounce.
Market Performance Metrics
24H Volume:
HOOK: 2.83MUSDT: 1.05M
Long-Term Declines:
7 Days: -19.59%30 Days: -37.56%1 Year: -61.41%
The consistent decline highlights bearish market sentiment around this token.
Trading Recommendations
⚠️ For Bears:
Focus on potential breakdowns below $0.3600 for short opportunities.Watch for lower targets like $0.3500 for profit-taking.
✅ For Bulls:
A reversal is likely only after the pair reclaims $0.3800 or higher.Monitor volume closely for signs of recovery momentum.
Conclusion
HOOK/USDT is in a bearish phase, with minimal signs of recovery. Traders should approach cautiously and keep a close eye on key support and resistance levels.
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