Hooked Protocol (HOOKUSD) Price Forecast: October 23
Today, the HOOKED price is trading close to the $0.580 supply mark as it witnesses stable demand pressure from the coin buyers. The token price will keep rising based on the outlook. Thus, if the coin market closes above a $0.524 high mark, the accelerated buying pressure may increase the coin price to hit the $0.580 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.492, $0.493, $0.494
Support Levels: $0.400, $0.399, $0.398
HOOK (USD) Long-term Trend: Bullish (4H Chart)
The Hooked Protocol price is close to the upper supply level as seen from the chart below. The coin price trades close to the upper resistance area above the EMA-50, confirming a bullish momentum. 
The series of moves by the bulls to a $0.486 high level in the last session has made it easier for the price to remain close to the overhead resistance in its recent high.
Today’s HOOKUSD daily bullish candle is close to the upper resistance at the $0.493 supply mark above the moving average of 50, suggesting the bulls’ dominance in the market. However, there are bullish signals above the level of $0.492, indicating a possible further increase in the market value.
Further, the Hooked Protocol price might continue trading close to the overhead supply as indicated by the daily signal. As a result, the pair might continue to increase to the upsides, and this may get to the $0.580 upper resistance trend mark soon as it continues trading close to the upper channel in its long-term outlook.
HOOK (USD) Short-term Trend: Bullish (1H Chart)
Despite the moves by the short traders, the HOOKUSD price is close to the upper resistance level and remains in an uptrend in its short-term outlook. The price currently trades above the supply, confirming its bullishness.
Crypto has been having a series of higher highs and higher lows which has made it possible for the price to remain stronger and close to the overhead supply in its recent high.
Earlier today, the Hooked Protocol buyers drove the coin price close to the upper channel at the $0.493 high value above the EMA-50, indicating growing investors’ confidence in the asset. This current trend will enable the price to remain on the upside and rise or break out close to the upper channel and create a strong area of interest for buyers.
Hence, the HOOKED price pointing upwards at the oversold region of the daily stochastic, suggests the coin price might continue trading close to the upper channel. It is expected that the buy investors will move the price action up and may hit the $0.580 upper resistance level soon as it trades close to the upper supply level in its short-term outlook.
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