$TREE 𝐑𝐞𝐚𝐜𝐡𝐞𝐬 $𝟓𝟎𝟎𝐌 𝐓𝐕𝐋 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐞𝐝 𝐑𝐚𝐥𝐥𝐲 𝐨𝐫 𝐒𝐡𝐨𝐫𝐭-𝐓𝐞𝐫𝐦 𝐒𝐩𝐢𝐤𝐞?
$TREE has surpassed the $500M Total Value Locked (TVL) milestone, igniting discussions on whether this signals the beginning of a sustained rally or merely a short-term price surge.
1. Price Action
On August 1, #TREE rallied over 30% to above $0.60, before retracing to $0.53 amid profit-taking. The chart structure hints at a potential cup-and-handle pattern, which could set the stage for a move toward $0.75 if buying momentum strengthens.
2. Binance Integration
Binance has enabled #TREE tokens to be used as collateral for loans. While this could enhance demand and liquidity, it may also contribute to increased price volatility.
3. Airdrop-Induced Pressure
A recent $750K airdrop to ETH stakers preceded a 42% price drop after listing. Additional token unlocks could introduce further selling pressure in the near term.
Key Factors to Monitor:
Rapid ecosystem expansion that could counterbalance sell pressure.
Upcoming staking features, which may help stabilize the price or maintain volatility.
With strong TVL growth, exchange integrations, and active community engagement, $TREE’s next move will depend on whether buyers can sustain momentum beyond the milestone.
