Technical analysis by CryptoAnalystSignal about Symbol HOOK: Buy recommendation (8/25/2024)

#HOOKThe price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwardsWe have a bounce from a major support area in green at 0.5250We have a downtrend on the RSI indicator that was broken upwards which supports the riseWe have a trend to stabilize above the 100 moving average which supports the riseEntry price 0.4265First target 0.5900Second target 0.7240Third target 0.8600