$TREE (4H) Technical Analysis

Current Price:

$0.4870 (-10.46%)

Chart Observations

Trend:

Price has been in a sharp downtrend since its peak of $1.50.

Currently hovering just above the recent low of $0.30, showing weak recovery attempts.

Moving Average:

MA(7) = 0.5075 – Price is below MA(7), indicating bearish momentum.

MA(25) and MA(99) are not yet plotted, likely due to limited trading history.

Support & Resistance:

Immediate Support: $0.30 (previous low)

Next Support: $0.25 (psychological level)

Immediate Resistance: $0.50 (near MA7)

Stronger Resistance: $0.77 (previous consolidation area)

RSI (Relative Strength Index):

RSI(6) = 16.38 → deeply oversold, signaling possible short-term bounce.

RSI(12) = 10.54 → extreme bearish sentiment persists.

Volume:

Volume is decreasing after initial launch spike, suggesting buyer interest is fading.

Conclusion

Short-term: The coin is oversold, so a small rebound toward $0.50–$0.55 is possible.

Medium-term: Unless it breaks above $0.55 with volume, bearish pressure will likely continue.

Downside Risk: If $0.30 support fails, it could test $0.25 or even lower.

💡 Trading Suggestion:

For aggressive traders: Look for a bounce play only if price holds above $0.46 with increasing volume.

For conservative investors: Wait for a confirmed breakout above $0.55 to consider entry.