$TREE TREE Shows Bearish Pattern 🪵📉 | Breakdown Looms as Technicals Turn Ugly ⚠️🐻
TREE is now flashing a strong bearish pattern, raising red flags across the chart 🚨📊. After failing to hold critical levels, price action is slipping — and the breakdown could intensify if support gives way. 🧨💔
🔍 Chart signals are deteriorating fast:
A descending triangle is forming, with lower highs squeezing against horizontal support — a classic bearish continuation setup 🔻📐.
The RSI is flattening below 50, showing weak buying strength and growing bearish bias 📉🔄.
MACD is deep in bearish crossover, pointing to negative momentum 🐾💣.
📉 Volume is drying up on the bounces and spiking on the drops — not a good sign. Sell pressure is clearly stronger, and the market is lacking any bullish conviction 🧊📊.
🛑 On-chain data backs up the chart:
Exchange balances are rising 📈🏦 — tokens are heading back to CEXes, likely for liquidation.
Wallet growth is slowing, showing weakening network interest 🐢📉.
💬 Social sentiment is cooling — fewer mentions, less hype, and early buyers are growing silent 🤫❄️. TREE’s community seems to be waiting or exiting.
⛔ With bears gaining control, this pattern could trigger a fast drop if support breaks. Use caution, manage your downside, and don’t try to catch a falling TREE 🌳💀.
⚠️ Not financial advice — always DYOR 🧠📚