$TREE recently reached a major milestone by surpassing $500 million in Total Value Locked (TVL), sparking debate over whether this marks the start of a long-term rally or just a short-term spike.
Here’s a quick overview:
Price Action: TREE jumped over 30% to $0.60 on August 1, then pulled back to $0.53 due to profit-taking. The chart shows a possible cup-and-handle formation that could push the price up to $0.75 if buying pressure increases.
Binance Integration: Binance now accepts TREE tokens as loan collateral, which could boost demand and liquidity, though it may also cause greater price volatility.
Airdrop Impact: A $750,000 airdrop to ETH stakers led to a 42% price drop after listing, and more token releases might add selling pressure.
Short-term forecasts suggest TREE’s price could fluctuate between $0.285 and $0.39, offering potential returns from 11% to 55%. Longer-term outlook remains bullish, with possible highs around $1.77 and lows near $0.28.
With the current price at $0.36 and a 14% gain over the past week, it’s important to watch market trends closely and manage risks.
Buy and trade $TREE now!