Recent Price Surge: The Treehouse (TREE) crypto project experienced a 30% increase on August 28, following a significant earlier surge of 114%, bringing its price from $0.03081 to $0.65 before stabilizing around $0.40.
Market Activity: TREE's trading volume surged by 1531% to approximately $612 million, resulting in a market capitalization of $61.7 million, indicating heightened trader interest and activity.
Technical Analysis: The Moving Average Convergence Divergence (MACD) indicates bullish momentum, while the Relative Strength Index (RSI) suggests strong buying interest but potential for a cooldown if resistance levels hold.
Price Resistance and Support Levels: TREE faces immediate resistance at $0.4260, with potential targets of $0.480 and $0.53 if it maintains upward momentum; however, failure to sustain gains could lead to retesting support levels at $0.3750 and $0.32.
