Hooked Protocol (HOOKUSD) Price Forecast: August 31
The HOOKUSD price is going up. The coin price targets the $1.80 supply following the increase in demand for the token. The daily chart suggests that if the bulls could push the crypto price above the $1.71 previous barrier level, the potential may drive the coin price to target the $1.80 upper resistance level, leading to a sustainable upward trend and a good entry point for coin traders.
Key Levels:
Resistance Levels: $0.80, $0.90, $1.10
Support Levels: $0.30, $0.25, $0.20
HOOK (USD) Long-term Trend: Bearish (Daily Chart)
The HOOKUSD price targets a supply of $1.80 as it shows significant movement toward resistance in the last 24 hours on the daily chart. The coin price targets its previous high while trading below the resistance level, indicating a bearish trend. 
The sustained bearish pressure at the $0.39 support level in the last session has enhanced the crypto price below the supply levels in its recent high.
The Hooked Protocol price targets the $1.71 previous barrier as it responded to the shift in market structure and pulled back to a $0.43 resistance value below the moving averages as the daily chart opens today, resulting in a profitable deal for the coin investors.
Meanwhile, if buyers can redouble their efforts to forecast a bullish increase in the market, the coin price may surpass the $1.71 supply mark to target the upper resistance level.
Notably, the HOOKUSD price is in an uptrend on the daily signal, suggesting that the token might continue with the positive sentiment. In this case, the price target might be the $1.80 upper resistance level soon in its higher time frame.
HOOK (USD) Medium-term Trend: Bullish (4H Chart)
Analyzing the chart above, the HOOKUSD price targets the overhead resistance as it finally broke out of the resistance line indicating an uptrend in its medium-term outlook.
The pair made it to the $0.41 resistance level during the previous action and has sustained the coin price above the supply trend lines in its recent high.
Today, the price of Hooked Protocol targets the $0.56 supply level as the bulls pushed the crypto price to a $0.43 level above the EMA-50, an indication of an upward momentum in the context of the strength of the market.
Thus, a possible breakout from the $0.43 neckline will accelerate the buying momentum and lead the coin price to target the $0.56 previous resistance levels, suggesting a strong recovery and consistent upward momentum.
Meanwhile, the HOOKUSD pair has a target price of $1.80 supply level amidst the market surge as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached in the coming days in its medium-term perspective.
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