$HOME Wealth Warning, this coin has launched for a week and has already brought fans several waves of profits! New coins inevitably have pullbacks, and coupled with the actions of profit-seeking traders, this is actually a good opportunity for low-position layouts!
What is HOME coin?
The full English name of HOME coin is Defi App. Through DeFi.app, users can purchase tokens on any blockchain, conduct "instant, one-click" cross-chain transactions, access decentralized derivatives markets, and gain earning opportunities—all without paying gas fees or building bridges.
Why is it dropping?
1. The overall environment in the crypto market: BTC is sideways, altcoins are bleeding
At the beginning of June, BTC fluctuated between $102,000 and $110,000, market liquidity shrunk, capital rotation slowed, and altcoins generally pulled back. As a new coin, HOME has insufficient liquidity depth; when BTC consolidates, small coins are directly "knee-capped."
2. Airdrop sell pressure + whale selling
HOME launched on Binance on June 12, with an initial airdrop of 200 million coins (accounting for 2% of total supply). Some profit-seekers "sold as soon as they received," resulting in a surge in short-term sell pressure. On-chain data shows that whales are selling in batches in the $0.035-$0.04 range.
3. Market sentiment: FUD spreading
Regulatory rumors: On June 11, SEC Chairman Gary Gensler hinted that "cross-chain DeFi may face stricter regulations," and as a leading cross-chain coin, HOME is at the forefront.
Competitor attacks: Uniswap founder Hayden Adams tweeted a veiled criticism that "some super applications are just rebranded aggregators," which the market interpreted as targeting HOME, triggering panic selling.
4. Technical aspects: key support lost
K-line pattern: On June 12, it broke the key support at $0.03, forming a "death cross" (MA50 crossing below MA200), leading technical traders to stop-loss collectively.
Volume-price divergence: During the crash, trading volume increased, but buying was weak, indicating that major funds were unwilling to support the price, leaving retail investors to catch falling knives.
Market outlook: Buy the dip or run?
In the short term, HOME needs to stabilize above $0.025 (previous low), otherwise it may drop to $0.02. However, the long-term logic remains unchanged:
Strong fundamentals: TVL exceeds $11 billion, 350,000 users, real demand supports 1.
Summary from a crypto veteran:
"When a new coin launches, it will definitely drop! This wave of HOME is a double kill of market sentiment and sell pressure, but the project is not dead. Brothers who hold on should wait for Q3 to take off, and those who went all in should not rush to buy the dip; wait until BTC stabilizes!
Follow Knife Brother @分析师刀哥 for precise targeting.
