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$TREE on Fire: Is This the Start of a Major Breakout?
If you’ve been watching the altcoin market today, one ticker screaming for attention is TREE/USDT. The pair is currently trading at $0.0742, showing a massive +10.09% surge in the last session. But the numbers on the screen tell a deeper story than just green candles.
Let’s break down the technicals and the momentum
📊 Key Levels & Volume Insight
· 24h High: $0.0749
· 24h Low: $0.0664
· 24h Volume (TREE): 12.03 Million
· 24h Volume (USDT): 851,600
What stands out here is the high volume relative to the price action. With over 12 million TREE traded in 24 hours, this isn’t just noise—there’s genuine interest and accumulation happening.
📈 Momentum Indicators
Looking at the 1-hour chart (as shown in the snapshot), the momentum is aggressively bullish:
· StochRSI: 98.45
· MA StochRSI: 97.64
· RSI (6): 86.54
These readings are deep into overbought territory. While that typically signals a possible pullback or consolidation, in a strong uptrend, it can also indicate strong buyer conviction and momentum continuation.
What This Means for Traders
The current structure suggests buyers are in full control, with price attempting to flip the $0.0750** region into support. If that level clears, the next psychological zone to watch would be **$0.0800 and beyond.
However, with RSI above 86, traders should be cautious of short-term过热 (overheating). A healthy pullback toward $0.0715–$0.0730 could provide a better entry for latecomers.
Final Thought
TREE is showing classic signs of a volume-backed breakout. Whether it’s a quick fling or the start of a larger trend depends on whether $0.0750 turns into support. Keep this one on your radar—momentum like this doesn’t go unnoticed for long.
Are you long TREE, or waiting for a dip? Drop your charts and thoughts below!
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