The current price of $TREE has decreased by 6% over the last 24 hours, with a decline of 15.32% over the past 7 days and a staggering 72.36% over the past 30 days. This indicates that the decline is not a one-time event but part of a longer trend. The market capitalization is around 46 million dollars, and the trading volume over the last 24 hours is 35.59 million dollars, which is 62.94% higher than usual. A high trading volume during a price decline may indicate selling pressure.
Technical analysis shows that the relative strength index (RSI) for 7, 14, and 21 days is approximately at 29.5 — this is the oversold zone. This may indicate that the asset is heavily sold, but it does not specifically explain the decline over the last 24 hours.
Technical indicators show oversold conditions, but without positive news, the price is not yet ready to rise. The high trading volume confirms active selling. Therefore, considering all factors — sell-offs after the airdrop, negative funding rates, the overall market decline, and profit-taking after listing — the drop in the TREE price over the last 24 hours becomes understandable.#Treehouse @Treehouse Official
