Housecoin's (HOUSE) explosive rally may be losing steam, as momentum indicators point to a cooling trend following its parabolic 600% surge.
Housecoin (HOUSE) price may be losing momentum as it cools from a parabolic 600% surge that saw it grab attention over the weekend.
The meme coin, launched earlier this year on the Solana (SOL) network, is positioned as a hedge against the collapsing real estate market with the tagline "Flipping the Housing Market, One $HOUSE at a Time."
It surged from $0.010 on March 25 to an intraday high of $0.076 on April 26, according to data from CoinGecko. The rally was fueled in part by a massive influx of liquidity from PumpSwap, where the coin’s price went from $0.01 to $0.04 in just 24 hours.
As of Monday morning, Housecoin is trading at $0.058, still in the green despite a slight pullback from recent highs. On the daily timeframe, the RSI is at 77, indicating strong bullish momentum.
The meme coin's explosive price action caused it to trend on CoinMarketCap and CoinGecko over the weekend as degen traders moved to capitalize on its momentum. According to Lookonchain, one early investor converted $121,400 worth of Fartcoin (FARTCOIN) into 20.4 million HOUSE coins. By April 26, the value of their holdings had risen to $1.51 million, reflecting an unrealized profit of $1.4M.
HOUSE is mainly traded on decentralized exchanges, with PumpSwap accounting for about 35% of total trading volume and Meteora contributing about 16%. It has also been listed on some centralized exchanges, including MEXC, BitMart, and LBank.
However, on the 4-hour chart, signs of fading momentum are beginning to emerge. While Housecoin remains firmly above its 20-EMA, the price action has flattened, suggesting the initial wave of euphoria is cooling. After reaching an intraday high of $0.076, the coin has been consolidating sideways between $0.058 and $0.065 for the past 24 hours.
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.
