๐ General Market Overview: TREE/USDT
Current Price: Approximately $0.54, according to sources like CoinGecko and CoinMarketCap.
Daily Change: A decline ranging between โ18% to โ20% over the last 24 hours.
All-Time High: Around $1.32 on July 29, 2025, currently down approximately 60% from that level.
๐ง Key Technical Indicators:
Trend Indicators (Moving Averages):
The 50-day Moving Average is now below the 200-day Moving Average, signaling a long-term bearish trend.
The price is trading below both moving averages, reinforcing the negative outlook.
MACD:
The MACD line is below the signal line, with a negative histogram for approximately 50 sessions, indicating continued bearish momentum.
๐๏ธ Fundamental Drivers:
Binance Airdrop Launch:
A total of 12.5 million TREE tokens (1.25% of total supply) were airdropped to eligible BNB users between July 10โ13, just one day before trading began.
This triggered an immediate massive sell-off, causing a sharp 46% drop within 24 hours of launch.
OTC Volatility:
The price surged from about $0.001 to $0.0145 within 24 hours on thin liquidity, suggesting weak market support and high risk.
๐ฏ Key Price Levels:
Main Support: Around $0.51
Critical Resistance: Around $0.56โ$0.76, based on technical scenarios.
๐ฎ Trading Scenarios:
If buyers regain control:
Potential move back toward $0.76โ$0.80, especially if demand returns or liquidity improves.
If selling pressure continues:
Price could drop further toward $0.40โ$0.50, especially if selling from the airdrop persists and buyer absorption remains weak.
