- Hooked Protocol crypto price has witnessed a decline over the last 24 hours.
- The price of the HOOK crypto is down by 77% from its all-time high price.
HOOK token, part of Hooked Protocol, facilitates voting, governance, and in-app purchases within the Web 3.0 learning platform. CEO Jason Y. founded the protocol to accelerate Web 3.0 adoption by offering customized resources and onboarding support.
Hooked Protocol crypto price has declined by 8.9% in the last 24 hours, and the market cap value of the crypto is $132.014M. Moreover, the crypto market cap ranking is #370. The Hooked Protocol’s fear and greed index further shows investors’ greed.
The traded volume for the HOOK crypto has further witnessed a decline of 35.5% in the last 24 hours. Also, the value of the crypto’s traded volume is $8.84M, and its traded volume ranking is #411. It further results in a volume/market cap ratio of 6.81%.
The self-reported circulating supply of the Hooked Protocol crypto is 141.804M HOOK. Moreover, the total supply of crypto is 500.0M HOOK, which results in a fully diluted market cap of $464.693M.
The HOOK crypto hit its all-time high price of $4.06 a year ago, and the price of the crypto has declined by 77.2% since then. Also, the all-time low price recorded for the token is $0.6454, and the cryptocurrency’s price since then has advanced by 43%. The all-time low price was further recorded on August 18, 2023.
Hooked Protocol Crypto Derivatives Analysis
The long/short ratio of the Hooked Protocol is 0.8713, and the volume of crypto derivatives traded has declined 7.3% in the last 24 hours. The open interest in crypto further witnessed a decline of 13.5%, which resulted in $8.06M.
The long liquidation recorded for the crypto further is $31.08K, and the short liquidation for the crypto is $192.29.
HOOK Crypto Technical Analysis
The HOOK crypto price has witnessed a substantial decline over the last few days, and the crypto price has declined by 45% from the recent swing highs. The crypto price is currently trading at the lower band of the expanding wedge pattern, and the crypto is also trading inside the same.
HOOK/USD Chart by TradingView
The price of the HOOK crypto has slipped below the 50-day and the 200-day EMA. Also, the 20-day and the 50-day EMA have formed a bearish cross, and the 50-day EMA is also declining, indicating the possibility of a death cross on the daily chart.
The MACD and the signal line have also declined below the zero level and are trading in a bearish cross. The following behavior of the indicator indicates a strong downtrend in the crypto price.
The RSI for the HOOK crypto has also declined to the oversold zone and is consistently sustaining below the 50 level. The RSI further is following a bearish cycle.
Summary
HOOK crypto faces a decline, down 77% from its ATH at $4.06. Trading at $0.6454, it’s currently at crucial support levels. Despite a decrease of 8.9% in the last 24 hours, the market cap stands at $132.014M. Technical analysis suggests a strong downtrend, with indicators signaling further potential declines.
Technical Levels:
- Support levels: $0.50 and $0.720
- Resistance levels: $1.40 and $1.750
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.