Market Overview for Defi App/Tether (HOMEUSDT) – September 22, 2025

• Defi App/Tether (HOMEUSDT) fell from 0.03736 to 0.03488 over 24 hours, closing near the session low.
• A bearish trend accelerated after 03:00 ET, with price breaking below 0.03600 support.
• Volatility expanded significantly after 06:00 ET, with a surge in trading volume.
• RSI dropped into oversold territory below 30, suggesting potential for a short-term rebound.
• Turnover surged during the late-night/early-morning selloff, signaling strong bear pressure.

24-Hour Price and Volume Summary

At 12:00 ET on September 21, 2025, Defi App/Tether (HOMEUSDT) opened at 0.03719 and reached a high of 0.03736 during the session. By 12:00 ET on September 22, the price had fallen to 0.03488, a 6.66% decline over the 24-hour period. The lowest point in the range was 0.03377, marked during a sharp sell-off around 15:00 ET. Total trading volume for the period was 28.94 million, with a notional turnover of approximately 9.98 million USD.

Structure & Formations

The 15-minute chart reveals multiple bearish formations, including a long-legged doji at 0.03710 and a hanging man at 0.03705, both signaling bearish exhaustion and a potential reversal. A key support level appears to have formed at 0.03480–0.03500, where the price paused after the early morning selloff. Resistance levels from the upper end of the previous range include 0.03550 and 0.03600, where the price stalled during earlier rebounds.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart are both bearish, with the price well below both. The 50-period line sits near 0.03545, and the 20-period line is even lower at 0.03530. The MACD is in negative territory with a bearish crossover, while RSI has dipped below 30, indicating oversold conditions. However, bearish momentum remains strong, and a quick rebound may not be sufficient to reverse the trend.

Backtest Hypothesis

Given the bearish MACD and RSI divergence, a backtesting strategy might involve a short trade triggered when RSI falls below 30 and the price breaks below a key Fibonacci retracement level (38.2% at 0.03490). A stop-loss could be placed just above the 0.03520 level, with a target at 0.03450. This approach would aim to capture short-term bear momentum following a confirmed breakdown of support, leveraging both technical levels and overbought/oversold signals.

Bollinger Bands and Volatility

Volatility expanded significantly during the selloff, pushing the price down to the lower Bollinger Band at 0.03380. The 20-period Bollinger Bands widened, signaling increased uncertainty and heightened bearish sentiment. The price has since bounced back toward the middle band, but remains within the lower half of the band, suggesting that the selloff may not yet be exhausted.

Volume and Turnover Analysis

Volume spiked sharply during the early morning selloff, particularly around 06:00 ET, when the price broke below 0.03550. Notional turnover during this period exceeded 4 million USD. This price-volume divergence suggests that the move was driven by significant bear pressure rather than a temporary pullback. Conversely, during the rebound phase after 11:00 ET, volume remained moderate, indicating weak bullish conviction.

Fibonacci Retracements

Fibonacci retracement levels from the high of 0.03736 to the low of 0.03377 show key levels at 0.03550 (38.2%) and 0.03490 (61.8%). The price has tested 0.03500 twice in the last 24 hours, failing to hold above it. A break below the 0.03490 level could push the price toward the 0.03450–0.03400 range.

Forward-Looking View

While the RSI is in oversold territory, bearish momentum remains strong, and a meaningful rebound may require a retest of key support levels. Traders should watch for a potential short-covering rally around the 0.03490–0.03500 range but remain cautious of a renewed bearish thrust if volume surges again. As always, risk management is crucial, and a stop-loss above 0.03530 could help protect against unexpected volatility or bullish reversals.