TREE/USDT Continues Its Bearish Cycle

TREE has been under pressure for several sessions, and today is no different. Trading at $0.2988, the token has lost 7.35% in 24h and nearly 18.5% in the last 7 days. This steady decline reflects a market dominated by sellers.

Technically, the SAR (0.3133) is bearish, while price action remains below both short-term moving averages. The formation of multiple red candles with long upper wicks shows that every bullish attempt is being rejected quickly.

Support sits at $0.2955. If this level cracks, TREE could face a steeper decline toward $0.29 and $0.285. Resistance lies at $0.3133, and above that, $0.3261. These levels must be broken for bulls to regain momentum.

From a broader view, TREE has been in a downward channel since the $0.3337 high, consistently posting lower peaks. Until the structure changes, the trend remains bearish.

Outlook:

Short-term: Weak, trending lower.

Medium-term: Watch for consolidation between $0.29–$0.31.

Long-term: Need breakout above $0.33 to confirm recovery.

Takeaway: TREE’s chart is still weak. Traders should expect more downside unless strong buying interest appears near $0.29.