It looks like the $TREE USDT pair is showing a solid bullish momentum with a 90.37% increase! The current price is at 0.5711 USDT, but there’s a slight consolidation happening, and it looks like the price might be testing a potential support level around the 0.5523-0.5711 range.

Given that the moving averages (MA) are currently stacked with shorter-term MAs above longer-term ones, it suggests that the bullish trend could continue in the short term. The MACD is still above the signal line, indicating a continued positive momentum, though it’s showing some potential slowing down. However, with volume still relatively high, we might see the price push higher if it holds above the 0.5711 support zone.

If the price breaks above 0.5795, it could be a confirmation of further bullish movement. But if it falls below 0.5523, there might be a shift to a more neutral or bearish scenario.

So, short-term prediction: If the price holds or breaks through the resistance, the bullish trend could continue. Watch for any retracement to the 0.5523 area as a potential buy entry. Keep an eye on the MACD for signs of a reversal, though.

Are you thinking of entering or adjusting your position based on these movements?