$TREE eyeing recovery – can bulls reclaim momentum?
TREE is currently priced near $0.329, holding within a narrow range after recent declines. Despite negative 7-day performance, bulls are slowly regaining ground as buying interest builds near $0.32 support. The past two sessions have seen lower wicks on candles, signaling dip-buying activity.
For bullish traders, the immediate focus is the $0.34–$0.35 breakout zone. If price breaks and sustains above this resistance, we could see upside expansion toward $0.37 and $0.40. A clean daily close above $0.40 would confirm strength and open the path toward $0.45 in the medium term.
On the downside, the $0.32 level is key support. If sellers push below this zone, TREE could retest $0.30, and a breakdown there would likely invite extended bearish pressure toward $0.28. However, trading volumes suggest accumulation is already taking place, making a sustained breakdown less likely for now.
Technical indicators support the bullish case: RSI is trending slightly upward, and moving averages on lower timeframes are beginning to converge, often a sign of momentum shift. If volume picks up, we could see the start of a reversal rally.
Given its market cap around $51M, TREE has strong growth potential once sentiment flips. Traders can adopt a dual strategy: accumulate at $0.32–$0.33 zones, and look for breakout confirmation above $0.35. This combination allows participation in both dip-buying and momentum-driven upside moves.
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