$TREE is currently trading at $0.4525 after breaking out of a well-defined descending channel on the 1-hour chart. The price action shows signs of bullish reversal, with the lower boundary of the falling channel acting as a potential pivot zone. Volume has remained steady, but a decisive breakout above the $0.4600 level could attract stronger buying interest.
$TREE hourly chart
The chart structure suggests that TREE has completed a healthy pullback following its recent rally and is now attempting to regain upward momentum. A successful close above the upper trendline of the descending channel confirms trend exhaustion on the sell side. If bulls maintain control, price may look to challenge the $0.50–$0.52 resistance zone in the short term.
With volume support building and a clean technical structure, $TREE appears poised for continuation if momentum holds. Traders may monitor this breakout closely, as reclaiming the $0.48–$0.50 zone with strong volume could confirm a bullish shift in sentiment.
Caution is advised if price fails to hold above $0.4450 on retest, as that would weaken the breakout thesis.
