Treehouse ($TREE ) has fallen by 5.14% in the last 24 hours.
The market capitalization is around $48.6 million, and the trading volume over the last 24 hours is $22.4 million. Technical analysis shows RSI (Relative Strength Index) levels for 7, 14, and 21 days — respectively 35.47; 31.97; and 30.93. All these values are below 40, indicating an oversold state of the asset. This may suggest selling pressure.
Another important point is the situation in the overall cryptocurrency market. The global market has slightly decreased (-0.23% over 24 hours), but the drop of $TREE is significantly stronger, indicating reasons related specifically to this asset. The Fear and Greed Index is in the neutral zone, meaning there is no mass panic in the market.
As a result, the price drop of Treehouse ($TREE ) is likely caused by a combination of sell-offs after the airdrop, negative funding rates indicating bearish sentiment, as well as profit-taking after recent listings and reaching TVL. RSI values in the oversold zone may indicate a potential rebound, but current factors continue to exert pressure on the price.
