The total market capitalization of cryptocurrencies has decreased by 3.06% over the past 24 hours, while Bitcoin's dominance has increased to 57.91%, as capital moves into safer assets. The drop of $TREE by 4.86% has been stronger than the market, reflecting increased caution among investors regarding new altcoins.

Institutional investments in BTC/ETH ETFs (with assets under management totaling $149 billion) are diverting capital away from DeFi projects such as $TREE Treehouse. The Altcoin Season Index (45 out of 100) confirms weak interest in smaller altcoins.

: Trends in BTC dominance and flows into ETH ETFs may impact the liquidity of altcoins in the near term.

The price of $TREE is $0.299, which is below the 7-day simple moving average (SMA) and exponential moving average (EMA), both around $0.33. The RSI-7 is 29.5, indicating oversold conditions, but there are no signs of a reversal upward.

Although oversold RSI sometimes portends a bounce, the lack of divergences and volume spikes suggests that selling pressure may continue. The next important support is around the low of July 30 — $0.4695, which now acts as resistance.#Treehouse @Treehouse Official