๐ณ $TREE Token: Is Crucial Support at Risk?
$TREE, the native token of the @Treehouse Official ecosystem, aims to merge blockchain with sustainability and community-focused growth. By linking financial incentives to eco-conscious initiatives, TREE serves as both a utility token and a narrative-driven asset for green finance.
๐ Market Snapshot (TREE/USDT)
Current Price: $0.3472 (โ1.81% in 24h)
24h High / Low: $0.3643 / $0.3460
24h Volume: 15.11M TREE (~5.35M USDT)
RSI (6): 23.48 โ deep oversold territory
MACD: +0.0003, flattening after recent bearish pressure
โ ๏ธ Support & Resistance
Immediate support: $0.3460 (24h low)
Key support: $0.3402 โ breaking this could push TREE toward $0.3335
Resistance: $0.3533 (MA7) & $0.3607 (MA25) โ reclaiming these is needed for short-term recovery
๐ Technical Outlook
RSI indicates TREE is heavily oversold, hinting that sellers may be losing momentum.
Holding $0.3402 could allow a bounce toward $0.36โ$0.37.
If support fails, may dip below $0.33 before finding stability.
๐ Takeaway
$TREE is at a critical support level. Staying above $0.34 may attract buyers and spark a rebound, while a breakdown could open the door for further losses. Traders should monitor volume closelyโbuying pressure returning could restore momentum, but caution remains key.#Write2Earn