Market Overview: Treehouse/Tether (TREEUSDT) – 24-Hour Summary

• Price declined sharply to 0.1947 before rebounding to close near 0.1715, showing intraday volatility.
• Strong bearish momentum in early hours, followed by gradual consolidation and buying pressure.
• Total volume exceeded 14M TREE, but turnover was moderate due to lower price levels.
• RSI signaled overbought and oversold conditions multiple times, indicating choppy sentiment.
• Price is currently consolidating near a key 0.172–0.174 resistance cluster from earlier in the session.

The Treehouse/Tether (TREEUSDT) pair opened at 0.2243 on 2025-10-10 at 12:00 ET and closed at 0.1715 on 2025-10-11 at 12:00 ET. The 24-hour low was 0.1661, and the high was 0.2275. Total trading volume was approximately 14,127,315 TREE, while notional turnover (amount) was 16,178 USDT. The session was marked by a sharp bearish move early on, followed by a gradual rebound and consolidation.

Structure & Formations

The session opened in a relatively tight range but quickly broke down into a strong bearish trend, forming a long lower shadow candle at the 0.1947 level as support. A large bearish candle formed around 0.2100–0.2167, followed by a series of smaller bullish and bearish bodies. A bullish reversal pattern emerged near 0.1721 as price found buying interest. Key support levels to watch include 0.1705–0.1708 and 0.1694–0.1697, while resistance appears at 0.1725–0.1730 and above.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed several times during the session, indicating a high degree of choppiness and potential for false breakouts. On the daily chart, the 50DMA and 200DMA are both in bearish alignment, suggesting a larger bearish bias. Price appears to be forming a potential base near the 0.171–0.172 level, which could serve as a setup for a short-term bullish bounce if confirmed.

MACD & RSI

The MACD showed a bearish divergence in the first half of the session, with negative momentum peaking near the 0.1947 level. However, the RSI signaled oversold conditions and began to show a bullish divergence in the latter half of the session. The RSI fluctuated between overbought (70+) and oversold (30−) levels multiple times, indicating a highly volatile and indecisive market. Current RSI is trending upward from an oversold level, suggesting potential for a short-term rally.

Bollinger Bands

Volatility expanded significantly during the sharp selloff from 0.2275 to 0.1947, with the Bollinger Bands widening. Price briefly touched the lower band at 0.1661 before reversing, suggesting the lower band acted as a short-term support. In the latter half of the session, volatility contracted slightly, and price has remained within the bands, suggesting a potential consolidation phase ahead. The upper band is currently near 0.1740, which aligns with recent resistance levels.

Volume & Turnover

Volume spiked during the early bearish move but has since declined, aligning with the reduced volatility and consolidation. Notional turnover (amount in USDT) remained relatively stable, indicating that price moves have been supported by consistent volume rather than thin trading. A divergence between volume and price occurred near 0.1947, where volume dropped despite a sharp price move, suggesting short-term exhaustion in the bearish trend.

Fibonacci Retracements

Applying Fibonacci to the major selloff from 0.2275 to 0.1947, key retracement levels include 0.2115 (38.2%), 0.2031 (50%), and 0.1947 (61.8%). Price found temporary support at 0.1947 and has since retraced toward 0.1715. The 0.172–0.173 level aligns with the 78.6% retracement from the earlier bearish wave and is a key watchpoint for potential further bullish moves.

Backtest Hypothesis

Given the observed support and resistance levels and the current consolidation pattern, a possible backtesting strategy could involve a breakout-based approach. A long entry could be triggered on a close above the 0.1730 resistance level, with a stop-loss placed just below 0.1705. Alternatively, a short position could be initiated if price fails to hold above 0.1705, with a target at 0.1661. The Fibonacci and RSI indicators suggest that these levels are likely to be tested in the next 24 hours, making them suitable for strategy validation.