#HOOK HAS BEEN MOVING BELOW ITS MAJOR SUPPORT: WHAT COULD BE ITS NEXT MOVE?
The current market structure of HOOK shows a significant drop in its price which is now considered to be a long-term decline. Market data shows that this altcoin has been extremely oversold. This signifies the interest of sellers has already been depleted and buyers' interest may arise from these levels. Now, we will see a potential accumulation in order to test the prices before they could pump and retrace back to the old major support.
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Stay wise, trade cautiously.
