The Treehouse (TREE) crypto project shows significant growth, attracting attention from traders and experts alike. The recent listing on Upbit has acted as a catalyst for price increases and trading volumes.
Treehouse Price and Trading Volumes
On August 26, 2023, the TREE token rose 30%, reaching approximately $0.40. Earlier in the week, it surged 114%, jumping from $0.03081 to $0.65. This movement led to a dramatic increase in trading volume by 1531%, amounting to around $612 million, with the project’s market capitalization standing at $61.7 million.
Impact of Upbit Listing
The listing of the token on Upbit, one of South Korea's largest crypto exchanges, has been a key factor in driving trader interest in TREE. Currently, the token faces resistance at the level of $0.4260.
Technical Analysis and Forecasts
Technical analysis indicates that the MACD lines show a neutral signal, and the Relative Strength Index (RSI) is at 63.59, indicating sustained buying interest. The surge in trading volumes during the recent rally reflects heightened trading activity, although market corrections raise caution. A critical level to watch is $0.3750, where a breakdown could lead to consolidation.
The Treehouse project exhibits substantial dynamics; however, there are risks of correction. Traders are closely monitoring key levels that will determine the asset’s future behavior.
