It's worth keeping $HOME in EARN right here on Binance for now. It's paying 40% APY.
HOME is a DeFi token with good visibility, strong institutional support, excellent volume, and balanced tokenomics.
Despite the recent drop, it remains in an attractive position for those seeking diversification and gains with the token remaining steady in the short term while waiting for appreciation.
A total of 10 billion HOME tokens were created, with 2.72 billion currently in circulation.
The daily chart of $HOME is in a downtrend in the short term, quite clearly, with lower highs and lower lows, and moving averages pointing downwards. The price is touching a very important support region around 0.0263, which held during the last drops. If it loses this region, the scenario worsens and paves the way to seek 0.023 or even 0.020, where there is another stronger support.
On the other hand, the asset is already starting to enter oversold territory on the RSI, both in the short and medium term, which could generate some rebound, but there is still no clear reversal signal. The MACD remains negative, with the histogram increasing, showing that the selling pressure is still in control.
The key point now is to observe if this region of 0.026 holds and if a strong candle appears, like a hammer, bullish engulfing, or any reversal pattern, coupled with an increase in volume. If this happens, it could generate a very interesting trade aiming for 0.030 as the first target and 0.033 as the second, where there is a very relevant resistance from the moving averages.
For now, it's a cautious scenario. The decline is slowing down, but the market has not yet shown enough strength to reverse the trend. Keep a close eye on the price action over the next 24 to 48 hours.
