HOMEUSDT Breaks Key Support as Bearish Control Confirmed

Summary
• Price dropped 2.74% on 24-hour 5-minute chart with bearish momentum.
• Key support found near 0.0272, with bearish divergence in RSI.
• Volatility expanded after 22:00 ET as price fell toward 0.02743.

Defi App/Tether (HOMEUSDT) opened at 0.02866, reached a high of 0.02945, and closed at 0.02724 at 12:00 ET, with a low of 0.02702. Total 24-hour volume was 19,959,243.0 and turnover reached 598,157.00.

Structure & Formations

The 5-minute chart displayed a bearish breakdown from 0.0290 to 0.02743, with a key support cluster forming at 0.0272–0.0273. A long lower shadow at 04:30 ET suggested momentary rejection of lower levels, though a subsequent breakdown confirmed bearish control. A bearish engulfing pattern formed at 19:30 ET, and a doji at 09:30 ET indicated indecision ahead of the downward move.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart remained bearish, with price staying below both. The 50-period daily moving average is a critical long-term reference point, currently unbroken, suggesting continued bearish sentiment in the near term.

MACD & RSI

MACD showed bearish divergence as price hit the session low, with the histogram shrinking toward zero. RSI dropped to 29, indicating oversold conditions but failed to reverse, raising the risk of a continuation of the downtrend. Momentum appears to have shifted decisively to the downside.

Bollinger Bands

Volatility expanded sharply in the early part of the session, with price falling to the lower band at 0.02743. A contraction occurred near 0.0283–0.0284 but was followed by a breakout to the downside, suggesting bearish exhaustion may still be in progress.

Volume & Turnover

Volume spiked at 17:45 ET and again at 02:45 ET during the key breakdowns, confirming the bearish move. Notional turnover increased correspondingly, with no divergence between price and volume. The largest 5-minute turnover occurred at 02:45 ET, with $6,731.96 traded.

Fibonacci Retracements

The 38.2% retracement level at 0.02799 and the 61.8% at 0.02753 were key levels during the downward trend. Price failed to hold at 0.02753 and continued lower, suggesting the 0.0272 support is the next critical level.

Looking ahead, the path of least resistance appears to be downward, with 0.0272 acting as the immediate floor. A break below this level could accelerate the downtrend. Investors should monitor for a potential rebound into 0.0275–0.0276, but caution is warranted as momentum remains bearish.