📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
HFT Soars 86% to $0.1549 As HOOK Charts 207% Breakout Potential in Wedge Setup
Hashflow (HFT) surged 86.9% in 24 hours after breaking out of a descending wedge pattern on strong volume.
HOOK is trading at $0.08805, forming a similar wedge pattern with a projected 207% potential move.
HFT reached a high of $0.1549, while HOOK faces resistance at $0.1018 amid modest volume and intraday rejection.
Hashflow (HFT) experienced a significant price movement within the last 24 hours, gaining over 86.9% and reaching $0.132. The surge followed a breakout from a descending wedge pattern on the daily chart. The move pushed HFT beyond its key support at $0.07035 and closer to the upper resistance area of $0.151
This price activity came with high volume, with over 797.71 million tokens traded. On the same day, Hooked Protocol (HOOK) hovered at $0.08805, showing a 4.6% decline, despite technical indicators reflecting a similar chart structure to HFT’s prior setup.
HFT Breaks Out After Prolonged Consolidation
HFT had been trading inside a falling wedge structure before the recent surge. The breakout occurred with strong momentum, taking price from below $0.07 to a daily high of $0.1549. The asset moved past short-term resistance at $0.14, supported by increased trading activity and broader volume expansion.
Meanwhile, HFT's BTC and ETH trading pairs both gained 88.8%, reflecting cross-market strength. The range between $0.07035 and $0.151 has now defined the current support and resistance structure for short-term monitoring.
HOOK Forms Comparable Technical Pattern
While HFT rallied, HOOK remained within a downtrend channel but is now testing a potential breakout zone. The current price sits at $0.08805, with nearby support at $0.08367 and resistance at $0.1018. On the chart, a descending structure mirrors HFT’s earlier price action before its upward movement.
A projected upside move on HOOK charts suggests a potential gain of 207.73%, based on the height of the wedge. However, current market action shows only a 5.73% daily gain at $0.0978, followed by intraday rejection.
Volume and Price Range Remain Key for HOOK
HOOK 24-hour trading volume is comparatively modest: 36.70 million. During a single session, the price has ranged between 0.0885 and 0.1039. This relatively low volatility contrasts with the sharp expansion seen on HFT.
While HOOK’s BTC pair declined 4.1%, it remained near the previous daily average. Continued observation of the $0.1018 resistance zone may provide further insight into upcoming movement.