- Captain Faibik observed that HOOK’s candlesticks were continuously hitting the trend line.
- HOOK is currently trading above the $0.7 level after a 2.33% surge in seven days.
- RSI’s bearish crossover could be a signal for bearish sentiment over the short period.
Earlier today, crypto analyst Captain Faibik observed that HOOK’s candlesticks were continuously hitting the trend line. However, after some time, the candlesticks were trading below the trend line unable to hit it for some time.
The crypto analyst pointed out that the recent movement by HOOK’s candlesticks could be a sign that it might “successfully break” it this time. He also predicted that if the altcoin breaks beyond the trend line, then, traders could expect a 2x bullish rally.
$HOOK seems Ready to touch the Trendline again, and there's hope that it might Successfully Break it this time.If the breakout is successful, We could expect a 2x Bullish Rally.#Crypto #HOOK #HOOKUSDT pic.twitter.com/UkNNXm3UBk
— Captain Faibik (@CryptoFaibik) October 17, 2023
Hooked Protocol’s governance token is currently trading above the $0.7 level after a 2.33% surge in seven days. At the time of w…
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