$TREE /USDT is in a sharp short-term downtrend, testing support. Sellers are in control, but extreme RSI oversold may attract short-term buyers for a bounce.
Current momentum = bearish, but RSI oversold suggests a short-term bounce is possible.
If price stays below 0.3410, the downtrend may continue toward 0.3300.
If buyers step in, watch for a relief rally toward 0.3500+.
📊 Price: $0.3381 with−3.70% dip .
24h High / Low: 0.3643 / 0.3342
Volume (24h): 16.5M TREE (~$5.79M USDT.
🔎 Technical View
1. Bollinger Bands (BB):
Upper: 0.3658
Middle (20MA): 0.3534
Lower: 0.3410
Price is hugging the lower band, showing downtrend pressure and possible oversold condition.
2. Moving Averages:
MA(5): 0.3479
MA(10): 0.3410
Price is below both MAs → confirms bearish momentum.
3. RSI (6): 17
Extremely oversold (<30).
Suggests a potential bounce/reversal or at least a consolidation soon.
4. Volume:
Large red volume spike during drop → indicates strong selling pressure.
📈 Trend & Levels
Immediate Support: 0.3340 (24h low, near lower Bollinger band).
Next Support: 0.3300 psychological level.
Resistance Levels: 0.3420 → 0.3515 (Bollinger middle band & MA cluster).