$TREE Hitting the $500 Million TVL Mark – A Start for a Major Price Surge or Just a Short-Term “Pump and Dump”?

The TREE project has officially surpassed the Total Value Locked (TVL) of 500 million USD – an important milestone attracting the community's attention. This event is sparking debate: Is this a signal for a strong price increase or just a short-term “pump” before a correction?

1. Strong Price Increase Followed by Correction

On August 1, TREE recorded an increase of over 30%, from about $0.46 to above $0.60. However, profit-taking quickly emerged, pulling the price back to around $0.53.

The technical chart shows the possibility of forming a “Cup and Handle” pattern – a pattern that often signals a continuation of an upward trend. If buying power returns strongly, the short-term target could be towards $0.75.

2. Support from Binance

Binance has officially allowed the use of token $TREE as collateral for loans.

This could bring:

Increased liquidity and demand for TREE.

Greater price volatility, as borrowing/margin activities could amplify both upward and downward momentum.

I still see DCA $TREE is good under the threshold while the staking side #EarnBinance is also offering an APR of up to 200%!!! Well, it all depends on your perspective; the potential for rises or drops in the near future will be very dizzying here🫶🫶🔥🔥