Analysis of TREE Coin Performance from Launch to Present:
TREE launched on July 29, 2025, through Binance Launchpool, and it was distributed to BNB and ETH users via Airdrop.
It opened at a price of approximately $0.30 and quickly jumped to $1.50, but it collapsed in less than 24 hours by nearly 46% due to selling pressure from holders of the free distribution.
After that, it partially recovered to $0.60, driven by an increase in Total Value Locked (TVL) on the Treehouse platform, which exceeded $500 million.
Currently, the price is trading between $0.40 and $0.44, fluctuating in a narrow range in an attempt to establish a new bottom.
🔎 Technical Analysis for the Short Term (Days to Weeks):
The overall trend for the coin is currently sideways after a sharp correction. There is strong support at the $0.30 level, and if broken, the price may decline towards $0.26–$0.28. Conversely, there is significant resistance at $0.50, then $0.60, which are levels that are difficult to surpass without strong liquidity or positive news.
The daily moving averages show that the price is still under pressure, trading below the 50-day and 100-day averages, which means that the selling trend is still dominant. Meanwhile, the Relative Strength Index (RSI) is currently around 45, indicating that the market is in a neutral position with no overbought or oversold conditions.
Technically, there is a "Cup and Handle" pattern forming on the daily chart, and if the pattern is confirmed and completes with a breakout above resistance, it may push the price to around $0.75 in the coming weeks.