$TREE analysis, signals and forecast for today

📊 What the chart shows for $TREE

Current price: $0.4101

MA(7): $0.4124 — price slightly below, weak signal

MA(25): $0.4256 — above the current price, confirms downtrend

MA(99): $0.4280 — global resistance level

RSI(6): ≈ 22 — strong oversold condition, possible technical rebound

Last minimum: $0.4013 — local support

After a prolonged decline from $0.4449, we see a small consolidation "plateau" with short green candles.

🧠 Interpretation:

Trend: short-term bearish, but the market has entered a zone where a rebound is possible.

Volumes: during the decline were higher than during attempts to rise, indicating seller dominance.

RSI: deep oversold conditions often provoke quick upward rebounds, but without volume support, they are short-lived.

📈 Forecast for today:

Bullish scenario: if the price holds above $0.4050 and breaks $0.4125, a move to $0.4180–$0.4200 is possible.

Bearish scenario: breaking $0.4010 down opens the way to $0.3950 and below.

💡 Recommendations:

For aggressive traders — one can attempt short longs from $0.4050 with a stop below $0.3990.

For more cautious traders — wait for a consolidation above $0.4180 to confirm a reversal.