$TREE /USDT Dips but Holds Key Zone — Will Bulls Defend $0.47?
TREE is currently trading at $0.4839 (-2.56%), pulling back after a rejection from the $0.52 level. Despite the drop, trading volume remains strong with 49.87M TREE exchanged, signaling continued market interest.
📊 Technical Glance:
24h Range: $0.4687 – $0.5242
MA(7): Unlisted, but likely hovering near price
MA(25/99): Data missing, suggesting recent volatility or lack of historical price action
Large spread between current price and higher resistance zones (e.g., $1.03, $1.29)
⚠️ Market Context:
TREE is in a broad consolidation zone after a high-volume selloff from the $1.00+ region. Price is testing the $0.47–$0.48 support band, which has acted as a floor since the recent dip.
📌 Key Levels:
Resistance: $0.52 → $0.77 → $1.03
Support: $0.47 → $0.30 → $0.24
🔍 Outlook:
TREE must defend $0.4687 to prevent deeper retracement toward $0.30. A bounce above $0.52 would reignite momentum toward $0.77. Without visible moving average trends, focus on volume surges and MACD/RSI divergence for clues on next movement.