Market Overview for Treehouse/Tether (TREEUSDT) – 2025-09-18

• Treehouse/Tether (TREEUSDT) rose from 0.3088 to a 24-hour high of 0.3257 before consolidating near 0.3216 at 12:00 ET.
• Strong momentum built around 0.321–0.323, with 4-hourly volume exceeding 500,000 and turnover surging.
• A bullish engulfing pattern formed near 0.3213–0.3237, suggesting short-term support.
• RSI reached overbought territory multiple times, though not sustained.
• Volatility increased through 0.320–0.325, with Bollinger Bands widening post 21:00 ET.

Treehouse/Tether (TREEUSDT) opened at 0.3088 on 2025-09-17 at 12:00 ET and climbed to a high of 0.3257 before closing at 0.3216 at 12:00 ET on 2025-09-18. The pair saw a total volume of 6,850,708 and a notional turnover of 2,173,082. The price action indicates a bullish breakout attempt, with key resistance now forming near 0.323–0.325 and support at 0.321–0.320.

The 15-minute chart shows a well-defined ascending channel forming between 0.320 and 0.325, with the 20-period moving average crossing above the 50-period line at 0.321. A bullish divergence in RSI emerged after the price rejected at 0.3192, suggesting a strong possibility of a continuation toward 0.324–0.325. The MACD histogram turned positive after 02:00 ET, reinforcing the near-term bullish bias. Bollinger Bands expanded during the late-night hours, with price staying near the upper band, indicating heightened volatility and a possible continuation of the upward trend.

A key bullish engulfing pattern emerged between 0.3213 and 0.3237, forming at the close of the candle on 03:15 ET. This formation occurred at a prior resistance level and confirmed a reversal in short-term bearish pressure. The 0.3213 level appears to be a critical support, with price bouncing off it three times over the past 48 hours. Fibonacci retracement levels from the swing high at 0.3257 to the low at 0.3192 suggest a likely consolidation target near 0.3225–0.3230 (61.8% and 78.6%) before testing the next major hurdle at 0.325.

The 15-minute volume profile shows strong accumulation from 0.321 to 0.325, with the highest volume candle appearing at 03:15 ET, confirming the bullish engulfing pattern. Notional turnover surged during this period, aligning with price action and suggesting institutional participation. A bearish divergence in the volume profile appeared at 06:30 ET, as price dipped to 0.3194 but failed to confirm a breakdown. This suggests that while bears attempted a countertrend move, buyers reasserted control, pushing the price back to 0.3218.

Backtest Hypothesis
The observed bullish engulfing pattern and strong volume confirmation at 0.3213–0.3237 suggest a potential entry strategy for traders. A backtest could be designed to enter long at the close of the bullish engulfing candle, with a stop-loss placed below the 0.3205 level. A take-profit target could be aligned with the 61.8% Fibonacci retracement level at 0.3230. Given the MACD and RSI signals, this entry would aim to capitalize on the continuation of the ascending channel while managing risk through a defined stop and target. This strategy relies on the assumption that the 0.3205–0.3213 zone will hold as support, and that volume patterns reinforce the strength of the reversal.