CryptosPower
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Bearish
#Treehouse and $TREE @Treehouse Official & Volume Analysis — TREE Token at $0.43 Shows Strength
The trading volume for TREE token has averaged $350 million in the last 24 hours, marking a 15% increase compared to the previous week. This volume spike coincides with a price rise from $0.39 to $0.43, indicating strong market participation.
On-chain activity also reflects this trend, with wallet addresses holding TREE increasing by 5% in the past week, highlighting growing investor confidence.
Indicators:
RSI: 62, trending upward but not yet overbought
Bollinger Bands: Price currently near upper band, suggesting potential short-term consolidation
Summary: Volume and momentum support a bullish trend continuation, but traders should watch for any signs of overextension or resistance near $0.45. A pullback to $0.41 could offer a buying opportunity.
The trading volume for TREE token has averaged $350 million in the last 24 hours, marking a 15% increase compared to the previous week. This volume spike coincides with a price rise from $0.39 to $0.43, indicating strong market participation.
On-chain activity also reflects this trend, with wallet addresses holding TREE increasing by 5% in the past week, highlighting growing investor confidence.
Indicators:
RSI: 62, trending upward but not yet overbought
Bollinger Bands: Price currently near upper band, suggesting potential short-term consolidation
Summary: Volume and momentum support a bullish trend continuation, but traders should watch for any signs of overextension or resistance near $0.45. A pullback to $0.41 could offer a buying opportunity.
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