HFT Soars 86% to $0.1549 as HOOK Charts 207% Breakout Potential in Wedge Setup

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Cryptonewsland2025/07/03 22:40

By:by Francis E

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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 will follow $Mav and $Hft

Same charts

Few believed me on $Mav but now its going only up #Hook will follow and soon only up pic.twitter.com/d1Hc2KsGOZ
— Cryptobull ( Free Premium Calls ) (@Cryptobullmaker) July 1, 2025

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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