$TREE Reached the $500 Million TVL Milestone – The Start of a Major Price Surge or Just a Short-Term “Pump and Dump”?
The TREE project has officially surpassed a Total Value Locked (TVL) of $500 million – an important milestone that has captured the community's attention. This event has sparked debate: Is this a signal for a strong upcoming price surge or just a short-term “pump” before a correction?
1. Strong Price Increase Followed by Correction
On August 1st, TREE recorded an increase of over 30%, from about $0.46 to above $0.60. However, profit-taking quickly emerged, pulling the price back to the $0.53 range.
Technical charts indicate the potential formation of a “Cup and Handle” pattern – a pattern that often signals a continuing upward trend. If buying pressure returns strongly, the short-term target could be $0.75.
2. Support from Binance
Binance has officially allowed the use of token $TREE as collateral for loans.
This could bring:
Increased liquidity and demand for TREE.
Stronger price volatility, as borrowing/margin activities could amplify both upward and downward momentum.
I still see that DCA $TREE is good while being under the threshold, and the staking side with #EarnBinance is also currently at an APR of up to 200%!!! Well, it depends on the perspective; the potential for rise or fall in the near future will be very dizzying here 🫶🫶🔥🔥
