Treehouse cryptocurrency demonstrated a strong recovery after reaching an important milestone of $500 million. We will examine the price dynamics and emerging trends in this project.
Treehouse Cryptocurrency Surges to $500 Million
Treehouse cryptocurrency ([TREE](https://crypto.news/price/treehouse/)) surged to $0.6068, up 30% from its lowest point this week. The price increase followed continued inflows into the network. According to DeFi Llama, the total value locked in the Treehouse Protocol crossed the $500 million milestone for the first time, showcasing a strong upward trend since bottoming at $175 million in April.
Changes in TREE Token Price
After reaching its peak, the token pulled back to $0.5317. Its 24-hour trading volume soared by 53% to $185 million, surpassing an $85 million market cap. The price decline occurred as the weighted funding rate turned negative, indicating that investors expect lower prices in the future.
Future Price Recovery Prospects for Treehouse
The hourly chart shows that TREE bottomed at $0.4695 before rebounding to $0.6068. This high coincided with the 50% Fibonacci retracement level, likely contributing to the pullback. The chart also suggests a cup-and-handle formation with a depth of 23%, indicating a projected target of $0.7500.
Treehouse cryptocurrency continues to exhibit market activity, and with the increase in total value locked, further price fluctuations may be anticipated. Monitoring the dynamics and expected changes in the upcoming period will be crucial.
