The Treehouse Course ($TREE ) has fallen by 6.68% in the last 24 hours, continuing a decline of 71% over the last 30 days. The main reasons are selling pressure after the listing, negative technical signals, and liquidity issues.
Sales after airdrop — early investors and airdrop recipients continue to sell unlocked tokens.
Negative funding rates — the perpetual contract market is dominated by a bearish sentiment, intensifying the downward trend.
Technical weaknesses — the RSI index indicates oversold conditions, but the price is below key moving averages.
Low liquidity — trading volume over the last 24 hours has decreased by 43%, increasing volatility.
The price of $TREE is $0.31, which is below the 7-day simple (SMA) and exponential (EMA) moving averages at $0.34. The relative strength index (RSI-14) is 31.97, indicating oversold conditions, but there is no confirming bullish divergence.
What this means: Despite the oversold conditions, the lack of bullish momentum (MACD is near zero) suggests potential consolidation or further decline. A breakout above the $0.34 level on the SMA will be an important signal for a reversal.#Treehouse @Treehouse Official
