$TREE 𝗛𝗶𝘁𝘀 $𝟱𝟬𝟬𝗠 𝗧𝗩𝗟 𝗥𝗮𝗹𝗹𝘆 𝗜𝗻𝗰𝗼𝗺𝗶𝗻𝗴 𝗼𝗿 𝗘𝘅𝗶𝘁 𝗣𝘂𝗺𝗽?
$TREE has officially crossed the half-a-billion total value locked (TVL) milestone, sparking debate across the market. Is this the start of a sustained rally, or just another pump before a pullback? Let’s break it down.
Price Action: Volatility in Play
On August 1, TREE spiked over $0.60 (+30%), but quick profit-taking pulled it back to $0.53. While traders remain cautious, the chart is showing a cup-and-handle formation a bullish pattern that could push the price toward $0.75 if momentum returns.
Binance Integration: Demand Catalyst
Binance now supports TREE tokens as collateral for loans, which could boost demand and liquidity. However, this added utility may also cause sharper price swings as leveraged positions come into play.
Airdrop Selling Pressure
A recent $750K TREE airdrop to ETH stakers triggered heavy selling, with the token dropping 42% post-listing. More circulating supply could fuel further downside unless new demand offsets it.
What to Watch Next
Ecosystem Growth: A strong pipeline of projects could neutralize selling pressure.
Staking Launch: May stabilize price or introduce more volatility.
Resistance Break: A move above $0.60 with volume could trigger a rally toward $0.75.
Bottom Line: TREE is at a crossroads strong fundamentals and ecosystem growth could spark a sustained run, but profit-taking and airdrop sell-offs remain key risks.
