1. What’s Driving the Recent Decline?
Regulatory pressures and delistings have severely hurt TREE’s liquidity and confidence. Several exchanges have removed the token prompting a dramatic price collapse.
Long-term downward pressure remains evident. One source reports a staggering 963% weekly drop and 1,238% monthly decline, despite short lived spikes.
2. Technical Glimmers of Hope
Short-term rebounds: TREE recently bounced back from about $0.3695 to $0.4355, showing a temporary bullish upturn.
Technical breakout: Analysts pointed out a descending wedge pattern breakout, with price hovering near $0.4697 and resistance at $0.4825. A continued move above this level could further support a recovery.
Volatility with momentum potential: Another analysis noted a 20% green breakout candle, with strong trading volume. Immediate resistances sit around $0.50, and a sustained hold above $0.45 $0.50 could hint at a trend reversal.
3. Extreme Short-Term Spike
On August 9, TREE surged +502.9% in 24 hours to about $0.4334 despite long term losses. This was linked to talk of governance improvements, but analysts warned against interpreting this as a sustainable shift.
4. Support, Resistance, and Strategic Scenarios
Key technical levels:
Support: ~$0.436
Resistance: ~$0.48, with possible upside targets at $0.58–$0.74 if breached.
Strategic outlook:
Conservative investors might watch for FDV < $100M and steady on-chain TVL growth.