#Tree #treeonBinance #Treeperformance
#treecrypto has had a rocky start on Binance despite being listed on major exchanges like Coinbase, OKX, and more. Here's a review of the coin:
*Key Features:*
- *Token Details*: TREE is an ERC-20 token with a total supply of 1 billion tokens, and only 18.6% (186.12 million) are currently in circulation.
- *Utility*: TREE serves multiple functions within the Treehouse ecosystem, including staking to support DOR Panelists via Pre-Deposit Vaults, participating in governance for protocol upgrades, and earning protocol rewards.
- *Pre-Deposit Vaults*: Token holders can earn a guaranteed 50-75% APR by staking TREE to support rate forecasting Panelists ¹ ².
*Market Performance:*
- *Price*: TREE's price has crashed over 50% since its launch, currently trading at $0.53.
- *Trading Volume*: Despite the price drop, trading volume has surged to $350 million, indicating strong selling pressure.
- *Market Sentiment*: The Bull Bear Power indicator shows strong seller dominance, suggesting TREE could drop toward $0.30 if bearish momentum continues. However, the Relative Strength Index (RSI) has bounced back from oversold levels, indicating a possible shift in sentiment ³ ⁴.
*Airdrop and Listing:*
- *Binance Airdrop*: Binance launched a two-phase airdrop campaign, allowing select users to claim up to 100 TREE tokens.
- *Listing*: TREE is listed on major exchanges, including Binance, Coinbase, OKX, and more ⁴.
*Potential Future Performance:*
- *Price Prediction*: If buying pressure builds, TREE may attempt a short-term rebound toward $0.76, with a further upside target of $1.
- *Risks*: Increasing trading volume alongside a declining price often indicates growing selling pressure, which may strengthen the ongoing downtrend ³.
