The TREE token (specific to the Treehouse Protocol) saw a strong rise and then fell after the total value locked (TVL) in the system reached $500 million for the first time!
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📌 Key points:
💥 The TREE price rose by +30% to $0.6068, then fell to $0.5317.
📊 Trading volume surged 53% to reach $185 million in 24 hours — more than double the market cap of the token ($85 million).
🌐 The Treehouse Protocol aims to provide stable income using the DOR system, currently offering an annual yield of 3.25%.
🎯 The strong growth in TVL started in April when it was only $175 million, and now it has exceeded $500 million before dropping back to $487 million with the price decline.
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📉 Why did the price drop despite the achievement?
📦 The token was launched this week via an airdrop on Binance and major platforms like Coinbase and OKX.
😬 Many airdrop holders sold the token quickly, causing selling pressure.
📉 The funding rate has turned negative, meaning traders are betting on a price decline.
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📈 Technical outlook: Is there a rebound coming soon?
On the hourly chart, the price formed a 'Cup and Handle' pattern.
If the pattern completes, the next target might be $0.75
The nearest support is currently at $0.47, and resistance is at $0.60 - $0.62
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🔍 Summary:
Despite the momentary pullback, the Treehouse Protocol shows strong fundamentals and actual growth in TVL. If buying momentum returns, the cup and handle pattern could push the price towards new highs.
Do you see a buying opportunity after this pullback? 🤔
Share your opinion or watch the next analysis 🔄