Defi App/Tether Market Overview for October 11, 2025

• Defi App/Tether (HOMEUSDT) closed below its 24-hour high amid bearish momentum and heavy volume.
• Price tested key support at ~0.0275–0.0277, forming bearish engulfing and hanging man patterns.
• RSI signaled oversold conditions near 30, but price failed to rebound above 0.0280.
• Volatility surged during a sharp selloff, with a 30-minute drop to 0.01831, amid massive volume.
• Turnover increased sharply, but price-volume divergence raised caution on near-term sustainability.

HOMEUSDT opened at 0.02886 on October 10 at 12:00 ET, reached a high of 0.02914, and fell to a low of 0.00777 before closing at 0.02808 at 12:00 ET on October 11. Total 24-hour volume was 128,531,878.0, while notional turnover amounted to ~$3,727,975 (based on average price).

Structure & Formations

The pair displayed bearish dominance as price broke down from 0.0290 and failed to hold above 0.0280. A large bearish engulfing pattern formed during the 19:45–20:00 ET timeframe, signaling a potential short-term reversal. A hanging man pattern appeared at 0.02847, suggesting further weakness. Notable support levels emerged at 0.0275–0.0277, and resistance at 0.0285–0.0287, with the 0.0290 level acting as a prior key ceiling.

Moving Averages

On the 15-minute chart, the 20SMA crossed below the 50SMA (death cross), reinforcing bearish sentiment. On the daily timeframe, the 50DMA and 100DMA were in alignment below the 200DMA, suggesting a longer-term downtrend is intact. Price remains below key moving averages, indicating that shorts retain control.

MACD & RSI

The MACD line moved into negative territory with bearish divergence, while the RSI hit 30 and hovered in oversold territory for most of the day. Despite the oversold reading, price continued to fall, suggesting weak buyer participation. A bullish reversal may occur if RSI rises above 50 and price holds above 0.0275, but momentum remains bearish for now.

Bollinger Bands

Volatility expanded sharply during the selloff from 0.0290 to 0.01831, pushing price well below the lower band. This move indicated high bearish pressure. As of the close, price remained within the bands but near the lower boundary, suggesting it may test the 0.0265–0.0270 zone next.

Volume & Turnover

Volume spiked during the selloff, particularly in the 19:45–20:00 ET hour, with a massive 11,183,505.0 traded at a time when price dropped nearly 500 bps in 30 minutes. While volume confirmed the downward move, the absence of a follow-through rally later in the session suggested a lack of conviction.

Fibonacci Retracements

A 0.0290–0.01831 swing showed key levels at 0.0273 (38.2%) and 0.0262 (61.8%). Price briefly reached the 0.0275–0.0276 level, which corresponds to the 38.2% retracement, and may face renewed pressure at the 61.8% level in the coming 24 hours.

Backtest Hypothesis

The backtest strategy aims to capture short-term bearish momentum by entering short positions when the 20SMA crosses below the 50SMA on the 15-minute chart and RSI is below 40. Stop-loss is placed 2% above entry, and take-profit is set at 1.5x the risk. Given today’s confirmed death cross and bearish RSI reading, the conditions align with the strategy’s entry criteria. If the 0.0275–0.0277 support holds, the target would be 0.0262–0.0265. However, a false break below 0.0275 may require a reevaluation of position sizing.