📉 Will $TREE drop further?
The current price of TREE is $0.4234, with a daily increase of +2.07%, but looking at the chart:
🔍 Technical notes from the image
- There was a previous peak at $1.5000, followed by a sharp drop to $0.3000
- The price is now moving between $0.3890 – $0.4288, which is a narrow fluctuation area
- Indicators like KDJ and SAR show mixed signals, but there are no clear signs of a strong bullish reversal
- The trading volume is relatively high (217M), indicating activity but not necessarily a clear trend
📊 Potential scenarios
- If the price fails to break through $0.4288, it may re-test support at $0.3890 or even $0.3000
- Continued trading below moving averages or negative signals from KDJ may support the bearish scenario
- Any positive news like "Treehouse Exclusive" may temporarily boost confidence, but it needs clear technical support
💡 Conclusion
Yes, there is a possibility that the price will drop further if the current resistance is not broken or if strong buying momentum does not appear.
Monitor the $0.4288 level closely — if the price is rejected there, a drop may be the most likely scenario.
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