HOOK Technical Analysis: Potential for 200% gain.

20 Jul

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

HOOK was under a downtrend but respected the lower support trendline and showed a decent rebound of up to 45%.

Currently, HOOK needs to break above the primary resistance, ranging between $0.6437 and $0.7172, to rally higher to the $1.16 resistance trendline.

The RSI shows a rebound from the oversold range, indicating a shift in momentum from bearish to bullish.

- Support/Entry: $0.394 to $0.483.
- Primary Resistance: $0.6437 to $0.7172.
- Higher Resistance: $1.16.

DYOR, NFA.

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