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HOOK token price delivers a downtrend and is guiding selloff.
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Buyers have lost momentum and are trying to pick strength.
The HOOK token price trades below the key moving averages and is below its demand zone of $1 guiding bearishness on the charts. Moreover, the price action signifies a double top formation and faced sharp rejection from the $1.600 mark delivered selling pressure in the last sessions. Following the market downturn, the HOOK crypto price has dragged over 40% this month replicating bearish momentum.
At press time, the Hooked protocol token (HOOK) price traded at $0.987 with an intraday drop of 2.922%, reflecting bearishness on the charts. It has a monthly return ratio of -29.10% and -47.20% on a yearly basis. The pair of HOOK/BTC is at 0.0000150 BTC, and the market cap is $18.57 Million. Analysts are bearish and suggest that the HOOK token may face rejection around the $1 mark ahead.
Over the past few sessions, the token
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