$TREE TREE Rebounds Around $0.354 After Sharp Drop — Trend Reversal or Just a Technical Bounce?
Treehouse (TREE) recently faced a sharp decline, falling from around $0.375 to a low near $0.347, before rebounding back to the $0.354 level. This move highlights that selling pressure remains strong, but dip-buying demand has provided temporary support.
Technical analysis suggests that the short-term trend remains bearish, as the price trades below key EMAs with heavy selling volume during the drop. However, RSI has entered oversold territory, signaling the potential for a technical bounce if buying momentum continues.
At this stage, TREE must hold the $0.345 – $0.350 support range to avoid further downside. If buyers regain control, the token could retest resistance levels at $0.365 – $0.370. Conversely, a breakdown below support could trigger deeper declines.
Do you think TREE’s rebound marks the beginning of a reversal, or is it just a temporary bounce?
