Market Overview: Defi App/Tether USDt (HOMEUSDT)

• Price surged 26.4% in 24 hours, closing at 0.04154 after a strong breakout above 0.0400
• RSI crossed 60, signaling rising momentum amid expanding Bollinger Bands
• Volume spiked over 10x on 2025-09-05 11:45 ET with a 15-minute candle closing at 0.04092
• Notable 15-minute bullish engulfing patterns emerged after 12:00 ET
• MACD crossed into positive territory, confirming a potential continuation of the uptrend

On September 5, 2025, at 12:00 ET, Defi App/Tether USDt (HOMEUSDT) opened at 0.03668, surged to an intraday high of 0.04251, and closed at 0.04154. Total volume reached 101,246,115, with a notional turnover of approximately $4,211,240. The 24-hour period saw strong accumulation, especially in the late morning to early afternoon.

Structure & Formations

Key support levels were observed near 0.03654–0.03663 and 0.03685, both of which held during multiple pullbacks in the early morning. A bullish engulfing pattern formed at 0.03903–0.03942 on 10:15 ET, followed by a strong continuation above 0.0400. A major swing high was seen at 0.04251, suggesting a new short-term resistance. A doji appeared at 0.04092–0.04092 on 11:45 ET, indicating indecision before a strong reversal followed.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA (a "Golden Cross") around 07:45 ET, coinciding with the initial breakout above 0.03900. The 50-period SMA on the daily chart had been trending upward for the past week, reinforcing the bullish bias. The 200-period SMA currently sits at 0.0368, well below the 24-hour close, suggesting a strong short-term rally.

MACD & RSI

The MACD histogram turned positive after 06:00 ET, confirming the bullish momentum. The MACD line crossed above the signal line at 07:45 ET, aligning with the 20SMA/50SMA crossover. RSI surged above 60 by 08:00 ET and reached 70 at 11:15 ET, signaling overbought conditions. However, RSI remained above 50 for most of the 24-hour period, indicating sustained buyer dominance.

Bollinger Bands

Volatility expanded sharply after 07:00 ET, with the upper band reaching 0.043 by 11:30 ET. The price closed near the upper band at 0.04154, indicating strong momentum. The contraction between 00:00–06:00 ET suggests a period of consolidation, followed by an explosive breakout. The lower band remains near 0.0365, providing a potential support line.

Volume & Turnover

Volume surged over 10x on 11:45 ET with a 15-minute candle printing 14,505,938 volume and a close at 0.04092. This coincided with a significant increase in notional turnover, suggesting strong institutional or algorithmic participation. The final 6-hour period showed a slight drop in volume, indicating potential exhaustion or consolidation after the breakout.

Fibonacci Retracements

Applying Fibonacci to the recent 0.0366–0.04251 swing, the 61.8% retracement level is at 0.0396, which was cleared by 09:30 ET. The 78.6% level is near 0.0403 and was touched briefly at 11:30 ET. The 0.0411 level marks the 76.4% retracement and acted as a short-term consolidation point.

Backtest Hypothesis

Given the strong 15-minute bullish engulfing pattern and the Golden Cross on the 20SMA/50SMA, a potential backtest hypothesis could be to enter a long position after a close above 0.03942 with a stop loss below 0.03906. This would align with the RSI crossover above 50 and the breakout above the Bollinger Band midline. A target could be set at the 61.8% Fibonacci level at 0.0403, or even the 78.6% level at 0.04096, depending on risk tolerance.