$TREE is trading below all key moving averages (SMA7: $0.3836), and the relative strength index (RSI14) is 30.1 — close to the oversold zone, but with no signs of a reversal.
What this means: Although the RSI indicates potential relief, the low trading volume ($30.97 million in the last 24 hours) suggests weak confidence among buyers. A breakout above $0.383 (SMA7) could signal a short-term reversal.
The decline of TREE reflects typical processes after listing, exacerbated by the end of incentives and a negative overall situation in the altcoin market (-2.4% of total cryptocurrency market capitalization). Despite the prospects of fixed-income infrastructure, short-term risks prevail.
From the past, it's worth noting the launch of the TREE token on major exchanges such as Binance and Coinbase around July 29. After an initial surge, the price sharply dropped by 40% within a day as airdrop recipients began selling their tokens.#Treehouse @Treehouse Official