$TREE $TREE recently reached a significant milestone by surpassing $500 million in Total Value Locked (TVL). The big question now is whether this marks the start of a sustained rally or just a short-term spike.

Let’s break down the key points:

• Price Action: On August 1, $TREE’s price jumped over 30% to $0.60 before pulling back to $0.53 due to profit-taking. The chart suggests a possible cup-and-handle formation, which could push the price toward $0.75 if buying momentum strengthens.

• Binance Integration: Binance now accepts $TREE tokens as loan collateral, potentially boosting demand and liquidity. However, this could also lead to increased volatility.

• Airdrop Selling Pressure: A $750,000 airdrop to ETH stakers caused a 42% price drop following the listing. Upcoming token releases might add further selling pressure.

Some forecasts indicate $TREE’s price may fluctuate between $0.285 and $0.392 soon, with potential returns from 11.39% up to 54.99%. Long-term outlook remains bullish, with possible highs around $1.77 and lows near $0.285 over time.

With the current price at $0.363 and a 14.08% gain in the past week, staying alert to market trends and risks is crucial.

Buy and trade $TREE here!