The Hooked Protocol
The Hooked Protocol price has experienced a 3% increase over the past 24 hours, currently trading at $0.4901 as of 01:20 a.m. EST, despite a 12% decline in trading volume.
Collaboration with Masa
HOOK holders expressed enthusiasm following the announcement on July 9th that the network had partnered with Masa, a decentralized ecosystem for web3 empowerment.
Hooked Protocol Price Prediction
Technical indicators suggest a bearish bias for the Hooked Protocol price, despite the recent surge. The Relative Strength Index (RSI) remains below the 50 level, indicating that selling momentum exceeds buying pressure. The Moving Average Convergence Divergence (MACD) is also negative, further supporting the bearish outlook.
If the downtrend persists, the Hooked Protocol price may retest the $0.4045 support. A break below this level could exacerbate the decline, potentially establishing a new range low.
However, signs of hope exist, as the Hooked Protocol price is forming higher lows and remains above the channel's centerline. A sustained buying surge could propel the price above $0.7615, breaking the descending parallel channel.
Alternative Investment: Shiba Shootout (SHIBASHOOT)
Some experts are advocating for Shiba Shootout (SHIBASHOOT), a Play-to-Earn (P2E) derivative of Shiba Inu, as a promising alternative to the Hooked Protocol. The 99Bitcoins YouTube channel describes SHIBASHOOT as offering "insane rewards."
Shiba Shootout Highlights
- P2E game set in the "Wild West" crypto frontier
- Approved for release on Google Play and Apple App Store
- Offers high-stakes duels for bonus rewards
- Refer-a-friend scheme for bonus tokens
- Free $SHIBASHOOT tokens for signing up on the website
- Annual return of 1,736% for staking
YouTube crypto expert Michael Wrubel predicts that Shiba Shootout has the potential to be "the next 100x Shiba Inu." He attributes this to the brand power of Shiba Inu in the cryptocurrency market.
Shiba Shootout Presale
The SHIBASHOOT presale is ongoing, with investors contributing over $594K to date. To avoid a price increase, consider joining the presale within the next few days.
Disclaimer: This information is provided for educational purposes only and should not be construed as financial advice.
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