$TREE ๐๐ข๐ญ๐ฌ $๐๐๐๐ ๐๐๐ ๐๐๐ฅ๐ฅ๐ฒ ๐๐ก๐๐๐ ๐จ๐ซ ๐๐ก๐จ๐ซ๐ญ-๐๐๐ซ๐ฆ ๐๐ฎ๐ฆ๐ฉ?
$TREE has just passed the half-a-billion TVL milestone, sparking debate on whether this marks the start of a major rally or just a quick price spike before a drop. Hereโs the key breakdown:
1. Price Surge, Then Pullback
On August 1, TREE jumped over $0.60 (+30%), but profit-taking pushed it back to $0.53. The chart shows a potential cup-and-handle pattern, suggesting a possible move toward $0.75 if buying momentum returns.
2. Binance Integration
Binance now allows TREE tokens as collateral for loans, which could boost demand and liquidity but also lead to sharper price swings.
3. Airdrop Selling Pressure
An airdrop worth $750K was distributed to ETH stakers. Following listing, the price dropped 42%, and further token releases could add selling pressure.
Key Factors to Watch
Rapid ecosystem growth could offset selling pressure.
Upcoming staking may help stabilize price or continue volatility.
