$TREE Day 4:๐ TREE Daily Market Analysis โ Day 4 After Launch
Treehouse ($TREE) is experiencing significant volatility on its fourth day of trading, with the price fluctuating between $0.47 and $0.60, and currently stabilizing around $0.51, marking a +7.1% daily increase.
๐ป After a sharp decline during its first trading session โ mainly driven by heavy sell pressure from the airdrop distribution (with no token lock-up) โ today shows signs of a technical rebound, supported by increased trading volume. This suggests speculative short-term interest may be entering the market.
๐ Still, downward pressure remains due to the expected release of additional unlocked tokens, which could cap any strong bullish momentum in the short term.
๐ From a technical standpoint, TREE is trying to form a local support around the $0.47 level. If the price manages to break above the $0.60 resistance and close firmly, it might retest the $0.76 area that previously failed during its listing day.
๐ฏ For traders: The asset is still in a corrective phase. Random entries carry high risk. Itโs better to wait for confirmation of a clear trend reversal or signs of price stabilization.
โ ๏ธ Reminder: Price doesnโt always reflect value. Chasing hype without analysis can be costly.
