$HOOK /USDT Price Prediction This Week on Binance
Current Price: ~$0.1095
๐Technical & Market Overview
โขHOOK recently dropped ~-6.7% in the last 24 hours but remains above the 50-day MA on the 4-hour chart, indicating mixed technicals with short-term bullish bias.
โขOn the daily & weekly charts, both the 50-day and 200-day MAs are trending down above price-signaling resistance.
โขRSI is neutral (~40-60), with no clear divergence, suggesting the market may consolidate or begin a reversal.
โขUser consensus on Binance's prediction page estimates a modest ~+5% upside to around $0.1012-$0.1015 by week's end.
โขMI forecasts (CoinLore) indicate potential decline toward $0.1055, while long-term outlook remains bullish over
multiple years.
๐This Week's Forecast
โ
Bullish Scenario: $0.115 - $0.125
A breakout above the descending 50-day MA (~$0.115) could trigger a rally toward short-term resistance zones.
โ
Neutral Range: $0.095 - $0.115
Expect sideways action as price battles the 50-day MA and digests recent volatility.
โ
Bearish Scenario: $0.080 โ $0.095
Failure to reclaim moving averages may see a pullback toward weekly support in this range.
๐Trade Plan
โขEntry Zone: $0.105 $0.110
โขTake Profit 1: $0.115
โขTake Profit 2: $0.125
โขStop Loss: Below $0.095
๐ง Strategy Insight
HOOK is hovering at an inflection point with short-term bullish tone but key resistance overhead. A gain above $0.115 could set up a short squeeze toward $0.125, while failure may keep price stuck within this week's range. A disciplined entry with tight risk controls is essential.
#hook #hookusdt #trader #NewsAboutCrypto #BinanceSquareFamily