Key Takeaways
- HOOK’s Current Status: HOOK price, trading at [current_prices pair=”HOOKUSDT”] has been facing equal bullish and bearish pressures for some time, but a slight rise in bullish dominance has been seen in the past week. The HOOK price is trading around $0.4832, with a decent rise of 4.82% in the past 24 hours.
- Market Performance: The market cap is around $90.2 million with a 4.48% rise. Besides, the volume has soared by 2.9% since the early trading hours, indicating a potential rise in user interest. The market sentiments are extremely bullish suggesting a continuation of a strong upswing.
- Technical Analysis: The recent bullish push, in line with the broader crypto market has raised the token above the 50-day exponential moving average (EMA) which can be considered as a bullish indicator. While the RSI remains incremental, indicating the HOOK price may reclaim higher targets.
- HOOK Price Prediction: After dropping by over 70% since the start of 2024, HOOK price seems to have initiated a recovery phase. As a result, the token could remain bullish for the rest of 2024 and also in the long term.
- Future Outlook: HOOK’s market capitalization is below $100 million and is listed on major exchanges. Hence, there could be a lot of room to grow and thrive in the upcoming bull run, getting a step closer to it’s ATH around $4.
Where will Hooked Protocol Price Head Next?
- HOOK price has remained stuck below $0.5 for over a month as the bulls continue to accumulate strength to trigger a rise above the interim resistance
- The ongoing consolidated ascending trend is believed to help the price maintain a consolidated ascending trend and reach the upper resistance zone between $0.5754 and $0.6
- The Bollinger bands remain parallel to each other, displaying no major change in the price for over a period, while the bulls continue to materialize a breakout
- Besides, the MACD has just entered the positive range with the buying pressure mounting enough over the rally
- Therefore, the Hook Protocol price is believed to continue with a similar trend and achieve the pivotal resistance at $0.75 later this year.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.336/ $0.2784/ $0.1811 |
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.5253 / $0.5836/ $0.6779
|
|
50-day EMA |
$0.4412
|
|
200-day EMA |
$0.6665
|
|
RSI level |
63.21 |
|
MACD level (Signal Line) |
0.0103 |
Hooked Protocol Price Prediction September 2024
Unlike the other altcoins, HOOK price remained consolidated since the start of the month without attracting massive losses. However, the bulls do not appear to be prepared for a potential rise, which may keep the price restricted below the range and close the monthly trade around $0.52 to $0.55.
The last quarter is expected to change the market dynamics as the bulls could regain their lost dominance. With this, the HOOK price is believed to rise above $0.6 initially and later maintain a healthy rise thereafter. By the end, the price is expected to hover around $0.61 to $0.625 after facing a minor rejection from the interim highs around $0.65.
The bullish momentum is expected to continue since the start of the month in HOOK price, as the market participants could be extremely bullish on the Hook Protocol. However, the token may also encounter some bearish activity that may halt the upswing for a while. By the end of the month, the Hook Protocol price is believed to trade close to $0.7, displaying more potential to achieve higer targets before the end of 2024.
As soon as the trade steps into December, the volatility may increase, which could elevate the levels close to the milestone at $1. Unfortunately, the bears may restrict the rally below the range and close the yearly trade around the range of $0.95 to $0.995. However, the bulls may continue to remain poised to revive a strong upswing in the days coming ahead.
Hooked Protocol Price Prediction 2025
By 2025, Hooked Protocol price could see gradual appreciation, driven by increasing utility and adoption within decentralized ecosystems. Based on market sentiment and technical indicators, the price may range between $1.20 and $1.50. As the platform integrates with more decentralized applications (dApps) and Layer-2 solutions, the demand for HOOK tokens could rise. Resistance around $1.50 may slow progress, but a breakout could push the token higher. Long-term investors might view this as a strategic point for accumulation.
In 2026, Hooked Protocol price could experience significant upward momentum, possibly trading between $1.70 and $2.10. As decentralized finance (DeFi) continues to evolve, Hooked Protocol’s role in providing engagement and onboarding solutions might solidify its presence in the space. Technical indicators, like the MACD and RSI, may show bullish signals, while support levels at $1.70 could act as a cushion for corrections. Continued development and strategic partnerships may help HOOK price achieve new highs during this period.
By 2027, Hooked Protocol price might range between $2.50 and $3.00, driven by mass adoption of Web3 solutions. The protocol’s gamified user engagement model may attract new users, pushing demand for the HOOK token. Fibonacci retracement levels suggest resistance near $3.00, which may cause temporary pullbacks. However, with strong on-chain metrics and increased market participation, HOOK price could push beyond its prior resistance levels. A bullish breakout could signal further gains for investors.
Looking ahead to 2028, Hooked Protocol price could be trading between $3.50 and $4.50. As decentralized ecosystems expand and more individuals and institutions use blockchain solutions, the demand for onboarding tools like Hooked Protocol price might rise. The price could benefit from increased volume and liquidity, with the 200-day moving average serving as a strong support level. A bullish MACD crossover might indicate continued upward momentum, potentially setting the stage for a new market phase for HOOK price.
By 2029, Hooked Protocol price could trade between $5.00 and $6.50, reflecting the growing significance of user-friendly onboarding solutions in blockchain technology. As the crypto space becomes more mainstream, Hooked Protocol’s services could be more widely adopted. Technical indicators like RSI and Bollinger Bands may show heightened volatility, but long-term holders might remain optimistic. A successful breakout past $6.00 could signal continued growth, pushing HOOK into new price territory.
In 2030, Hooked Protocol price could range between $7.00 and $9.00, potentially positioning itself as a leading onboarding platform in the decentralized world. The increasing adoption of decentralized applications, coupled with more scalable blockchain technology, could drive demand for solutions like Hooked Protocol. Fibonacci extensions and EMA levels suggest that the $9.00 range could act as a resistance level, with strong market support around $7.00. A successful push past these barriers may solidify HOOK as a major player in the crypto space.
Will Hooked Protocol Price Continue to Rise in 2024?
Hooked Protocol price is expected to maintain a gradual upward trend in 2024. With a bullish market sentiment and the platform’s increasing relevance in decentralized ecosystems, the token’s price could rise steadily. Technical indicators, such as the 50-day and 200-day EMAs, suggest continued upward momentum, especially towards the last quarter of the year. The “Uptober” effect could drive the price past key resistance levels, leading to strong bullish movement by the end of 2024.
