August 22
The growth of $TREE over 24 hours coincided with oversold signals on the RSI (7-day: 26.36, 14-day: 27.53). The token also held above its 7-day moving average ($0.3448), which is an important support level.
What this means: Algorithmic traders often consider RSI values below 30 as a buy signal. However, the overall technical background remains bearish — $TREE is still trading 67.8% below the 30-day high, and resistance is around $0.372 (high on August 16).
Key level: Closing above $0.374 may confirm a bullish sentiment; failure at this level could lead to a retest of support at $0.32.#Treehouse @Treehouse Official
