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$TREE is currently trading inside a descending channel on the 1H timeframe, indicating short-term selling pressure. However, the price has just bounced from the lower channel support!
âKey Scenario to Watch:
If $TREE manages to break out of this channel (above ~$0.3350), it has the potential to retest the resistance at the $0.3400 area.
âFundamentally, $TREE is the utility token for the Treehouse project, which is building critical infrastructure for DeFi fixed income, and it recently gained exposure from a Binance airdrop.
âWhat do you think, will TREE break out or continue its downtrend? đ€ Share your analysis in the comments!
{future}(TREEUSDT)
âDisclaimer: This is Not Financial Advice. Always Do Your Own Research (DYOR).
#NFA â#TREE #TREEUSDT #MeowNarcy
âKey Scenario to Watch:
If $TREE manages to break out of this channel (above ~$0.3350), it has the potential to retest the resistance at the $0.3400 area.
âFundamentally, $TREE is the utility token for the Treehouse project, which is building critical infrastructure for DeFi fixed income, and it recently gained exposure from a Binance airdrop.
âWhat do you think, will TREE break out or continue its downtrend? đ€ Share your analysis in the comments!
{future}(TREEUSDT)
âDisclaimer: This is Not Financial Advice. Always Do Your Own Research (DYOR).
#NFA â#TREE #TREEUSDT #MeowNarcy
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