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Housecoin’s 600% Rocket Ride Crashes Back to Earth as Bulls Take a Breather

Housecoin’s 600% Rocket Ride Crashes Back to Earth as Bulls Take a Breather

cryptonewsT
Release Time:
2025-04-29 10:23:33
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After a parabolic surge that left even crypto veterans blinking at their screens, Housecoin’s rally hits the brakes—proving once again that what goes up 600% must at least pause for coffee.

The memecoin’s fever dream run saw it outpace Bitcoin’s annual gains in a matter of weeks, until gravity (and profit-taking) kicked in. Traders now watch to see if this is the classic ’healthy pullback’ or the start of another ’number go down’ sequel.

Meanwhile, Wall Street analysts—who missed the entire rally—rush to explain why they ’always knew’ it was overvalued. Pack your bags, folks. Time to see if Housecoin’s got second wind or just hot air.

Housecoin rally loses steam after 600%+ surge as bullish momentum cools - 1

Source: TradingView

The RSI has slipped to 58.41, and while it remains above neutral, the sharp drop suggests traders are beginning to take profits and hesitate before entering new positions at higher prices. The MACD line has also crossed below the signal line for the first time since the rally began. This bearish crossover, combined with a shrinking histogram, is often a precursor to a short-term pullback or extended sideways movement. The Bollinger Band Width has narrowed dramatically, signaling declining volatility after the pump, suggesting price is entering consolidation.

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