$TREE ๐๐ข๐ญ๐ฌ $๐๐๐๐ ๐๐๐ ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ ๐๐๐ฅ๐ฅ๐ฒ ๐จ๐ซ ๐๐ก๐จ๐ซ๐ญ-๐๐๐ซ๐ฆ ๐๐ฉ๐ข๐ค๐?
$TREE has crossed the half-a-billion TVL mark, raising the question is this the start of a sustained rally or just a temporary pump? Hereโs whatโs happening:
1. Price Action
On August 1, TREE surged past $0.60 (+30%) before profit-taking brought it back to $0.53. The chart hints at a cup-and-handle formation, which could see a push toward $0.75 if buying momentum resumes.
2. Binance Integration
Binance now accepts TREE as collateral for loans, potentially boosting demand and liquidity. However, this could also lead to increased volatility.
3. Airdrop-Driven Selling
A $750K airdrop to ETH stakers preceded a 42% price drop after listing. Additional token unlocks may add further downward pressure.
Key Watchpoints
Rapid ecosystem growth could counterbalance selling pressure.
Upcoming staking features may help support price or keep volatility high.
