BossLady

06/17 01:22

DeFi App’s HOME climbs 10% – But can price reclaim

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary DeFi App’s HOME climbs 10% – But can price reclaim its $0.077 all-time high?HOME, the native token of DeFi App—a protocol built to make DeFi interaction more user-friendly—has posted significant gains over the past day, climbing more than 10% in a move that suggests investors are placing active bids once again. The asset looks bullish in the near term given the structure it’s trading within, yet the latest surge raises the question of whether $HOME can revisit the high it last touched on the 7th of June. $HOME’s near-term structure points to a breakout $HOME is forming the kind of pattern that tends to precede a major rally, with a horizontal support line and a diagonal resistance line converging toward a single apex. This setup typically comes ahead of a breakout swing to the upside, and that may well play out here. In the early hours of the 16th of June, $HOME tested the level and met only a slight rejection, a sign that selling pressure remains minimal and that the asset could break through on its next attempt. This resistance line has historically exerted a heavy selling force that drove the price lower, as it did in the last two instances when $HOME traded up to it, both of which ended in major losses. The difference this time is that the indicators point to a bullish environment taking shapeThe moving average convergence divergence (MACD) has formed a golden cross, which occurs when the blue MACD line crosses above the orange signal line and keeps trending higher. The Money Flow Index reinforces that read, tracking liquidity through the market as bullish while capital rotates back into $HOME. From this upswing, the key target remains the $0.04 level—the one closest to the current price—followed by the $0.05 target.

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