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The Hooked Protocol has surged 5% in the last 24 hours to trade at $0.8972 as of 12:30 a.m. EST on a 56% surge in trading volume to $6.7 million.
Hooked Protocol Price Signals A Bullish Trend Reversal
The HOOK price shows signs of a turnaround from a long period of decline since reaching a high of $1.76. It has formed a strong support zone, enabling the bulls to regroup and recover their losses.
The price reversal bullish candles on the $0.8135 support level might push the price above the current resistance level.
HOOKUSDT Analysis. Source: Tradingview.com
The technical indicators show that the 50-day and 200-day simple moving averages (SMA) are trading below the price. If the price increases momentum, it could push the price above the averages, confirming the general upward movement.
The Relative Strength Index (RSI) has been consolidating in the 30 oversold zone. However, it shows signs of bouncing back and is currently at 40. Increased momentum should see the RSI climb back into the overbought zone past the 50 midline level.
Hooked Protocol Price Bulls Gear Up For Another Bull Rally
The Hooked Protocol price bulls seem ready for another upward surge. Recent green candles from $0.8135 suggest a possible turnaround for HOOK. If things go as expected, this could fuel a bullish rally, potentially pushing the price back to $0.07281 in the weeks ahead.
In the converse case, if the bears intervene to push the price in a corrective state, the bulls may be forced to seek refuge around the $0.7458 support level.
Buy 5Scape Now! – The Best 100X Token
Meanwhile, as the HOOK traders gear up for a bull rally, investors are turning to buy 5thScape (5SCAPE), which is hurtling towards $6 million in presale.
5SCAPE aims to revolutionize the gaming industry by combining blockchain technology and virtual reality (VR) as the first-ever AR/VR mixed-reality crypto platform.
🌟 Introducing the VR Ambassador Program! 🚀
World of virtual reality with the 5th SCAPE VR Ambassador Program! 💫
Join as an "Early Whales" member and enjoy exclusive perks! 💎
Method
1️⃣ Invest $10K+ in $5SCAPE & amplify our voice online
2️⃣ Engage actively on social media… pic.twitter.com/cgIryEPsiT— 5th Scape (@5th_scape) April 1, 2024
The team also commits to making many VR games that work smoothly on well-known VR headsets like Oculus Rift and Meta Quest 3.
More Rewards Through Play To Earn And Staking
As part of the 5SCAPE ecosystem, token holders will have exclusive access to premium VR content and devices, including a proprietary VR headset and gaming chair.
Additionally, the staking mechanism offers in-game advantages, lifetime free access to the 5SCAPE ecosystem, and early access to new VR content and community interaction.
Using 5thScape’s play-to-earn feature, investors can generate passive income by playing Web3 games such as MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
🎮 Calling all VR and MMA aficionados! Get ready to be blown away as 5thScape is about to redefine virtual combat with "MMA Cage Conquest" – a game that thrusts you into the heart-pounding world of MMA in VR. 🥊
🌟 Brace yourselves for the "MMA Cage Conquest" launch on the Meta… pic.twitter.com/MHbKgKHIxb
— 5th Scape (@5th_scape) May 3, 2024
The crypto Boy, a crypto analyst and Youtuber, says that 5SCAPE has the potential to surge 100X upon its launch.
If interested, you can buy 5SCAPE for $0.00327 per token. But hurry as the next price is set to increase to $0.00376 in the next stage. Buying now will also give you a whopping 205% profit once the presale launches at $0.01 per token.
You can buy 5SCAPE using ETH, MATIC, USDT, or BNB via the official website here
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