Treehouse ($TREE ) fell by 5.81% in the last 24 hours. The price has decreased by 5.81% over the day, which is less than the decline over 7 days — 15.97%, and over 30 days — 71.11%. This indicates that the current decline is part of a longer-term downward trend, but there are also recent reasons for this drop.
Technical analysis of $TREE shows that the Relative Strength Index (RSI) is in the range of 31-35, indicating that the asset is oversold. However, moving averages are still above the current price, creating resistance to growth. The price is currently holding at a support level, but if this level is broken, further decline may occur.
Moreover, it is worth noting that the entire cryptocurrency market has fallen by about 1.06% during the same period, so part of the decline in Treehouse is related to the overall market downturn. Nevertheless, $TREE shows weaker dynamics compared to the market as a whole.
