$TREE 𝐇𝐢𝐭𝐬 $𝟓𝟎𝟎𝐌 𝐓𝐕𝐋 𝐁𝐫𝐞𝐚𝐤𝐨𝐮𝐭 𝐑𝐚𝐥𝐥𝐲 𝐨𝐫 𝐒𝐡𝐨𝐫𝐭-𝐓𝐞𝐫𝐦 𝐒𝐩𝐢𝐤𝐞?
$TREE has crossed the half-a-billion TVL mark, raising the question is this the start of a sustained rally or just a temporary pump? Here’s what’s happening:
1. Price Action
On August 1, TREE surged past $0.60 (+30%) before profit-taking brought it back to $0.53. The chart hints at a cup-and-handle formation, which could see a push toward $0.75 if buying momentum resumes.
2. Binance Integration
Binance now accepts TREE as collateral for loans, potentially boosting demand and liquidity. However, this could also lead to increased volatility.
3. Airdrop-Driven Selling
A $750K airdrop to ETH stakers preceded a 42% price drop after listing. Additional token unlocks may add further downward pressure.
Key Watchpoints
Rapid ecosystem growth could counterbalance selling pressure.
Upcoming staking features may help support price or keep volatility high.
