RSI7 for $TREE reached a value of 26.1 (oversold), and the price is 72% below the July highs. The daily trading volume ($49.4 million) exceeds the market capitalization ($46.3 million), indicating high volatility.
What this means: Oversold conditions often precede a rebound, but TREE lacks nearby growth drivers (e.g., protocol updates or a sharp increase in TVL). Key resistance is located at $0.43 (50% Fibonacci retracement from July lows).$TREE
$TREE The global cryptocurrency market fell by 4.22% over the day (CoinMarketCap), while Bitcoin's dominance increased to 57.82%. TREE's decline (-3.25%) mirrors this trend but lags behind other altcoins (-28.13% in the sector).
What this means: A neutral sentiment in the market (fear and greed index: 43) reduces investors' risk appetite, putting pressure on new tokens like TREE. Derivatives data show liquidations totaling $2.44 billion over the last 30 days, which reinforces the downward trend.#Treehouse @Treehouse Official