Market Overview for Treehouse/Tether (TREEUSDT): 24-Hour Analysis as of 2025-10-17

• Treehouse/Tether (TREEUSDT) fell 9.9% over the past 24 hours, closing near 0.1553 after a sharp intraday decline.
• Momentum indicators suggest bearish bias, with RSI below 40 and MACD in negative territory.
• Volatility surged as Bollinger Bands widened, while volume spiked during the selloff.
• A potential short-term support level appears at the 61.8% Fibonacci retracement near 0.1530.
• Divergence between price and turnover hints at increased participation in the downward move.

The 24-hour period for Treehouse/Tether (TREEUSDT) began at 0.1674 (12:00 ET − 1) and ended at 0.1553 (12:00 ET). The pair reached a high of 0.1674 and a low of 0.1460, reflecting a volatile bearish trend. Total volume across the 24-hour window was 9,134,871.2, with notional turnover reaching $1,433,178. The sharp pullback has drawn attention to key support levels and bearish candlestick patterns.

In terms of structure, a notable bearish engulfing pattern emerged during the afternoon hours, confirming the downward reversal. Key resistance appears at 0.1600, where multiple 15-minute candles struggled to close above. A possible support cluster forms around 0.1530–0.1540, coinciding with Fibonacci 61.8% retracement from the recent high. A doji at 0.1504 also suggests a momentary pause in the decline.

The 20-period and 50-period moving averages on the 15-minute chart have both crossed below price, signaling bearish momentum. On the daily chart, the 50-period MA is below the 100-period and 200-period MA, reinforcing the longer-term downtrend. The MACD remains negative, with the histogram widening as bearish pressure continues. RSI has moved into oversold territory at around 30, but caution is advised as overbought conditions have already led to sharp reversals.

Bollinger Bands have expanded significantly, indicating heightened volatility during the selloff. Price has remained below the middle band throughout the session, aligning with bearish bias. Volatility is expected to remain elevated if the downward trend persists, with potential for further expansion in the bands. Price has not tested the lower band yet, which currently sits near 0.1500, offering a potential target for further support.

Volume and turnover spiked during the 05:00–09:00 ET window, coinciding with the breakdown to 0.1500. This suggests increased selling pressure during the Asian and European sessions. Notably, while price action remained bearish, turnover did not diverge significantly, indicating aligned sentiment between volume and price. If the current support level near 0.1530 fails, a retest of the 0.1500 level could be expected, with the 0.1480 level as a potential next target.

Backtest Hypothesis

Given the bearish momentum seen in TREEUSDT over the past 24 hours, a short-term RSI-based strategy could offer insights into potential trade setups. A common backtest would use RSI-14 with overbought at 70 and exit below 50. This setup aligns well with the current technical environment, where RSI has just dropped into oversold territory following a sharp decline. If applied historically from 2022-01-01 to 2025-10-17, such a strategy could capture short-term bearish moves in TREEUSDT during overbought conditions, with exits aimed at neutralizing momentum. Additional risk controls, such as stop-loss levels near key Fibonacci or Bollinger Band levels, could further refine the strategy.