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Hooked Protocol Price Prediction: HOOK Pumps 3%, But Experts Say This P2E SHIB Derivative Might Be The Best Crypto To Buy Now

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Hooked Protocol price
Hooked Protocol price

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The Hooked Protocol price climbed 3% in the last 24 hours to trade for $0.4901 as of 01:20 a.m. EST on trading volume that dropped 12%

HOOK holders are elated after a July 9 announcement that the network has collaborated with decentralized ecosystem Masa for web3 empowerment.

Hooked Protocol Price Prediction

The Hooked Protocol price is trading with a bearish bias despite the Wednesday bump. It remains stuck within the confines of a descending parallel channel with prospects for more losses as technical indicators flash bearish.

To begin with, the Relative Strength Index (RSI) is subdued below the mean level of 50, in a horizontal chop to show seller momentum overpowers buying pressure. The Moving Average Convergence Divergence (MACD) is also in negative territory, reinforcing the bearish stance.

Unless the bulls recover the market, the Hooked Protocol price could extend the fall to retest the $0.4045 support. A break below this support floor would enhance the downtrend, with the HOOK price likely to record a new range low.

Hooked Protocol price

GeckoTerminal: HOOK/USD 1-day chart

Nevertheless, there is hope, considering the Hooked Protocol price is recording higher lows and holding above the centerline of the channel. If the bulls keep up their buying appetite, the Hooked Protocol price could escape the confines of the channel above $0.7615.

For the predominant bearish outlook to be invalidated, however, the bulls must haul the Hooked Protocol price high enough to close above the upper boundary of the supply zone at $1.6506.

Meanwhile, experts are talking up the prospects of new presale Shiba Shootout (SHIBASHOOT), a Play-to-Earn (P2E) Shiba Inu derivative that the 99Bitcoins YouTube channel says is offering ”insane rewards.”

Promising Alternative To Hooked Protocol

SHIBASHOOT is the powering token for the Shiba Shootout project. Set in the heart of the Wild West crypto frontier, Shiba Shootout’s play-to-earn (P2E) game has been approved for release on Google Play and the Apple App Store and its release is thus imminent.

The P2E game offers players the opportunity to clash in high-stakes battles in the digital frontier that is Shiba Gulch. Creativity, wit, and a touch of cowboy charm will be your armor as you take part in the ‘Shiba Showdown’.

According to the Shiba Shootout whitepaper, there will be plenty more exciting gamified products for the citizens to enjoy.

But before the Shiba Shootout game drops, presale contributors can participate in the refer-a-friend scheme to earn bonus tokens. Moreover, those who sign up on the website will receive some free $SHIBASHOOT tokens.

YouTube crypto expert Michael Wrubel tells his 312,000 subscribers that Shiba Shootout is ”the next 100x Shiba Inu’. He believes that Shiba Inu’s brand power in crypto could see the token reach stratospheric valuations.

SHIBASHOOTOUT offers token holders the opportunity to stake their holdings for an annual return of 1,736%.

So far, investors have already sent more than $594K to the project. If you would like to join the project, buy within the next 3 days or so to avoid a price hike after that.

Buy Shiba Shootout tokens here for $0.0195 each.

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