New integrations and attractive staking incentives are expanding the DeFi fixed income ecosystem, including an annual percentage rate of 50-75% for TREE holders.
The token price saw a slight decline of approximately 1.1% in the past 24 hours, trading near its all-time low, with technical indicators such as EMAs showing a bearish trend despite the recent bullish MACD crossover.
The community's feelings remain largely positive, focusing on Treehouse's foundational role in DeFi and the benefits of high-yield staking programs.
Ecosystem expansion: Treehouse's tETH token is now available on Aave Core, allowing it to be used as collateral for stablecoin borrowing. This integration significantly expands the utility and liquidity of tETH within the broader DeFi ecosystem.
Staking incentives: Pre-deposit vaults offer attractive annual interest rates for staking ranging from 50% to 75% for a specified period, along with enhanced rewards and future airdrop opportunities, encouraging long-term holding and community participation before the deadline on August 28.
Bullish MACD crossover: Despite recent price volatility, the MACD indicator has shown a sustained bullish crossover in the past few hours (MACD line above the signal line), suggesting the potential for short-term positive momentum or a relief rally.
Price decline and bearish exponential moving average: TREE's price recently dropped from 0.3603 to 0.3562 in the past 24 hours, staying close to its all-time low. The exponential moving averages (EMA 7, EMA 25, and EMA 99) are all above the current price and trending downward, indicating a continued bearish trend across different time frames.
Neutral to bearish relative strength index and contraction in the Bollinger Bands: The relative strength index (RSI 6 at 44.87, RSI 12 at 46.66, RSI 24 at 46.09) is in the neutral zone but shows a recent bearish trajectory, indicating weak buying pressure. At the same time, the Bollinger Bands are contracting, with the price dropping below the middle range, indicating reduced volatility and the potential for further price consolidation or a bearish trend.
Historical sell pressure from the airdrop: The previous airdrop of 750,000 led ETH stakers to a significant price drop of 42% shortly after listing. This historic event suggests that future token releases or airdrops could lead to significant sell pressure, posing a risk to price stability.
