And traders are split on what comes next. Is this the start of a real rally, or just a quick pump before a pullback?
Here’s the picture right now:
On August 1, TREE shot past $0.60 (+30%) before sellers stepped in, pulling it back to $0.53. The chart’s shaping into a cup-and-handle pattern, which could send it toward $0.75 if buying momentum kicks back in.
A big boost came from Binance adding TREE as collateral for loans — a move that can drive demand and liquidity, but also add sharper price swings as leveraged trades enter the mix.
On the flip side, a $750K airdrop to ETH stakers recently caused a 42% drop after listing, and more supply hitting the market could weigh on price unless new demand steps in.
Key things to watch:
Ecosystem growth that can absorb selling pressure
The staking launch and its impact on stability
A clean break above $0.60 with strong volume
Bottom line — TREE is at a turning point. Fundamentals are improving, but selling pressure is still a risk.
