📉 $HOME /USDT 1H Technical Analysis

Status: Weak Structure — Bulls Missing in Action

The 1-hour chart for $HOME/USDT shows a persistently bearish structure, with the price trending lower since its listing. Here's the breakdown:

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🔎 Key Observations

MA Crossovers:

MA 7 < MA 25 < MA 99 — A bearish fan-out of moving averages confirms the dominance of sellers.

Rejected Upticks:

Any minor price increases are quickly sold off, highlighting weak bullish attempts.

Price Action:

Current Price: $0.01876, holding above a thin local support zone. A break below this level could accelerate the downtrend.

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⚠️ Bearish Momentum

Resistance Levels:

$0.02050 (MA99, immediate barrier).

$0.02200 (recent consolidation area).

Support Levels:

$0.01800 (short-term support).

$0.01600 (uncharted territory, high-risk zone if breached).

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🎯 Recovery Targets (if reversal begins):

1. Target 1: $0.02020 — Reclaiming this level would hint at a potential trend shift.

2. Target 2: $0.02350 — A minor rally high from 15 June.

3. Target 3: $0.02600 — A decisive breakout above this level would signal a confirmed reversal.